Blog: Leonie BarrieKurt Geiger a good fit for Jones Group

Leonie Barrie | 3 June 2011

A $350m takeover deal inked yesterday between US fashion giant Jones Group, and UK-based luxury shoe retailer Kurt Geiger, promises to be a win-win for both firms.

In particular, it positions New York-listed Jones, which already manages 35 brands including Nine West and Stuart Weitzman, with one of the world's most powerful portfolios of fashion footwear. Kurt Geiger, which has 49 UK stores and 156 concessions, is a perfect foothold from which Jones can expand its international footprint – and with one fell swoop increases its global penetration to just below 20% of net revenues. 
It also extends Jones' reach into the designer footwear business. Not only does Kurt Geiger have over 100 luxury brands in its portfolio, including Kurt Geiger, Carvela and KG, but it also has a presence in leading department stores, such as Harrods and Selfridges. Indeed, the plans are for Kurt Geiger to serve as Jones' hub in Europe. 

And of course there are the all-important synergies, especially when it comes to leveraging the combined networks of partners, infrastructure and department stores to expand distribution worldwide. The relationship works both ways too, with plans being mooted to launch Kurt Geiger's brands in the US. 


Ethiopia unrest a sourcing risk?

Fashion retailer H&M and UK based glove and leather manufacturer Pittards both say they are monitoring the situation in Ethiopia closely after the country's government declared a state of emergency af...


Asia facing up to increased competition

Increasing competition for garment sourcing contracts is seeing China not only being challenged by other countries in Asia, but by sub-Saharan African and even Russian suppliers too. And it is pushing...


Cambodia raises garment worker wages

The monthly minimum wage for workers in Cambodia's textile, garment and footwear sector is set to rise to $153 from January next year, following a vote on the issue last week. The increase marks a ris...


Sportswear initiatives start to take shape

The results of two highly-anticipated initiatives in the sportswear sphere were revealed last week: the launch of Under Armour’s new UAS lifestyle brand and the first pair of running shoes created at ...

just-style homepage

Forgot your password?