Operating profit rockets at UK's Kurt Geiger
Kurt Geiger, the UK premium footwear brand that is reportedly close to a sale, saw its operating profit increase from £3m to £11m in the year to December 31, 2014.
Turnover in the period increased from £218m to £251.7m and gross profit rose from £115.6m to £133m. During the period, the company's number of employees increased from 1,775 to 1,805.
There has reportedly been a number of bidders for Kurt Geiger, which is owned by Sycamore Partners. Earlier this year, Goldman Sachs was hired to explore the sale of part or all of the business. Former Jimmy Choo-owner Lion Capital is rumoured to be interested in the business.
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