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

Trump spares textile machinery in tariff spat

Hundreds of US imports from China will be hit with an additional 25% tariff from next month – but to the relief of the US textile, apparel and footwear industry, most of the equipment used in the dome...

BLOG

Esquel's eco-friendly manufacturing complex

Hong Kong-based Esquel Group, the world's largest woven shirt maker, has been bedding-in operations at a ground-breaking new $313.3m eco-friendly manufacturing complex in southern China....

BLOG

Tariffs back at top of Trump's trade agenda

Tariffs soared back to the top of Trump's trade agenda last week, with the imposition of punitive tariffs on imports of steel and aluminium, and plans to proceed with an additional 25% tariff on impor...

BLOG

Digitalisation goalposts constantly evolving

The debate and discussion around digitalisation continues to top the apparel industry’s agenda – but as Spencer Fung, group CEO of Li & Fung explains, the goalposts are constantly evolving....

just-style homepage



Forgot your password?