Private equity firm Alteri Investors has been named as one of the parties mulling bids for luxury footwear and accessories brand Kurt Geiger.
A former owner of fashion retailer Missguided, Alteri is reported to be among luxury goods groups and other buyout firms considering offers for Kurt Geiger, according to Sky News.
City sources told the news outlet talks were at an early stage and not being held on an exclusive basis.
The luxury retailer’s owner Cinven appointed Bank of America to handle an auction of the retailer in October last year.
Banking sources said they expected the company to fetch around £400m, but it is not known what price Alteri is pursuing in the deal.
Kurt Geiger recently posted results in the year to February, revealing that profits increased by 34% to exceed £40m.
The group has also seen staggering growth in North America, with gross sales increasing from £2.5m in 2018 to £255m today.
The retailer was founded in 1963 and is run by chief executive Neil Clifford.
Alteri is the current owner of Bensons for Beds and has overseen many companies in distressed or turnaround situations, including BHS and Poundworld.
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