Steve Madden, the fashion boss best known for his links to the criminal antics depicted in the book and film The Wolf of Wall Street, is buying the UK footwear and accessories brand Kurt Geiger for £289m in cash.
Madden’s Nasdaq-listed company said it had signed a definitive agreement to buy the London-based company, which also owns Carvela, from a group led by Cinven, the private equity firm that bought Kurt Geiger for £245m in 2015. The deal is expected to be completed by the end of 2025.
