Foley Advises Steve Madden in Agreement to Acquire UK-based Kurt Geiger

Foley & Lardner LLP served as U.S. legal advisor to Steven Madden, Ltd. (Nasdaq: SHOO), a leading designer and marketer of fashion footwear, accessories, and apparel, in its entry into a definitive agreement to acquire UK-based footwear and accessories brand Kurt Geiger for an enterprise value of approximately GBP 289M in cash.

Kurt Geiger’s brand portfolio includes Kurt Geiger London, KG Kurt Geiger, and Carvela. Kurt Geiger also operates footwear concessions within luxury and premium department stores in the United Kingdom, including Harrods and Selfridges, where it sells both its own and third-party brands.

Steve Madden designs, sources, and markets fashion-forward footwear, accessories, and apparel under a growing list of brands, including Steve Madden®, Madden Girl®, Dolce Vita®, Betsey Johnson®, Blondo®, and ATM®. Steve Madden’s wholesale distribution includes department stores, mass merchants, online retailers, national chains, specialty retailers, and independent stores. Steve Madden also directly operates brick-and-mortar retail stores and e-commerce websites.

Foley worked closely with Travers Smith LLP in advising Steve Madden on this cross-border transaction, which is anticipated to close in the second quarter of 2025, subject to the receipt of required regulatory clearance and other customary closing conditions.

The Foley Transactions team was led by partner Jonathan Witt, senior counsel Arthur Vorbrodt, and associate Grace Fucci with support from partners Alan Rutenberg, Louis Wahl, and John Simon and senior counsel Maximilian Traut and Neda Sharifi.