Steve Madden Announces Definitive Agreement to Acquire Kurt Geiger
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Steve Madden (Nasdaq: SHOO) has announced a definitive agreement to acquire UK-based Kurt Geiger for approximately £289 million in cash. This acquisition is expected to expand Steve Madden's portfolio in the fashion footwear, accessories, and apparel market.
February 13, 2025 | 12:15 pm
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Steve Madden has entered into a definitive agreement to acquire Kurt Geiger for £289 million, which could enhance its market position in fashion footwear and accessories.
The acquisition of Kurt Geiger is a strategic move for Steve Madden, likely to strengthen its product offerings and market reach. This could positively impact SHOO's stock price in the short term as investors may view the acquisition as a growth opportunity.
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