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The latest announcement is out from Steven Madden ( (SHOO) ).
On February 13, 2025, Steve Madden announced a definitive agreement to acquire UK-based Kurt Geiger from a group led by Cinven for approximately £289 million in cash. This acquisition is expected to enhance Steve Madden’s portfolio with Kurt Geiger’s strong market presence and aligns with its strategic initiatives of expanding into international markets and direct-to-consumer channels. The transaction, approved by Steve Madden’s Board, is anticipated to close in the second quarter of 2025, pending regulatory clearances.
More about Steven Madden
Steve Madden designs, sources, and markets fashion-forward footwear, accessories, and apparel. The company markets products under its own brands, including Steve Madden, Dolce Vita, and Betsey Johnson, and licenses brands like Anne Klein. Its distribution extends to department stores, mass merchants, and online retailers, among others.
YTD Price Performance: -10.32%
Average Trading Volume: 717,865
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.72B
For a thorough assessment of SHOO stock, go to TipRanks’ Stock Analysis page.
