Steve Madden Seeks to Sell Kurt Geiger's Concessions Business
Steve Madden has begun efforts to sell the concessions business of its subsidiary brand, Kurt Geiger. The company is working with investment bank Solomon Partners on this sales process. This segment includes managing shoe departments in high-end retailers such as Harrods and Selfridges. The move reflects a strategic shift or financial restructuring by Steve Madden, focusing potentially on core operations while divesting non-core assets. Kurt Geiger's concessions business has been described as part of the company’s broader portfolio that may not align with its current growth strategy.
Tickers: $SHOO
Topics: Harrods Kurt Geiger Selfridges Solomon Partners Steve Madden