Kurt Geiger’s boss expects a sale of the premium shoe and handbag retailer to complete before the end of the year.
The private equity owner Cinven, which acquired the business in 2015, has been working with advisers at Bank of America on a possible £400 million sale of the retail chain since the end of last year.
Neil Clifford, chief executive of Kurt Geiger, said the company was “definitely still up for sale” and added: “There’s plenty of interest, from both strategic buyers and private equity firms. [A sale] will probably complete this year.”
He declined to name the interested buyers and said talks were still in the early stages.
Clifford’s comments came as the retailer reported “record” sales of £360 million in the year