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. 


BLOG

Complexities of multi-channel pricing, sourcing and stock control

The fashion industry is operating in a multi-channel world – but when it comes to managing this approach, it seems there is no unanimity of best practice (and often no best practice at all) on multi-c...

BLOG

Fashion firms struggle on speed to market

Fashion firms are continuing to wrestle with the challenges of taking decisions quickly and meeting deadlines – and admit they are struggling to speed their go-to-market processes to keep up with fast...

BLOG

Why cotton is being battered on all fronts

Cotton is being battered on all fronts, from false information campaigns, to competition from synthetic alternatives, and a changing consumer. The challenge now facing the cotton industry is how to re...

BLOG

New businesses shaking up a broken retail model

The convergence of disruptive new technologies, easy access to cheap capital, and changing consumer attitudes are shaking up an already-broken retail model, according to speakers at last week's IAF Wo...

just-style homepage



Forgot your password?