The Jones Group Acquires Kurt Geiger

) In cash, inclusive of debt acquired.  The transaction, which was financed with cash on hand, is expected to be immediately accretive to earnings per share, exclusive of any required purchase accounting adjustments.

The acquisition of Kurt Geiger positions Jones as one of the world's most powerful portfolios of fashion footwear, immediately increasing its international penetration to just below 20 percent of net revenues.  In addition, this acquisition further extends Jones' reach into the designer footwear business through Kurt Geiger's portfolio of high-end brands and presence in leading department stores, such as Harrods and Selfridges.  Kurt Geiger will serve as Jones' hub in .  Jones believes there are exciting opportunities to optimize the portfolios' existing and new brands.  The Company expects to achieve significant revenue synergies by leveraging the combined networks of partners, infrastructure and strong department store relationships to expand product distribution worldwide.  On a trailing 12-month basis ended .  The addition of Kurt Geiger to Jones is consistent with our strategy of identifying companies with best-in-class talent and proven brands that have the potential for substantial growth.  We have the utmost respect for Neil and have gotten to know the team well over the years as our distribution partner for Nine West in the UK.  We welcome them to Jones."

, The Jones Group President and Chief Executive Officer of Branded Businesses, stated: "Our mission is to build the most powerful portfolio of brands in fashion.  As part of our framework for growth, we are optimizing our existing portfolio and launching new brands to create value.  Kurt Geiger's portfolio of premier footwear, exceptional brand management and best-in-class product expertise makes it an ideal complement to our business and long-term goals.  By leveraging our deep retail networks worldwide, there is substantial opportunity to grow Jones' revenue base internationally and to introduce Kurt Geiger's brands to the U.S.  We look forward to collaborating with Kurt Geiger's leading design and merchant talents, who will be instrumental to the rollout of our mission."

Kurt Geiger distributes owned brands, including Kurt Geiger, Carvela and KG, and licensed brands, including Nine West, French Connection and Lipsy, in 49 company-operated retail locations and department stores.  In addition, Kurt Geiger operates 156 multi-branded shoe concessions in 14 major department store groups including Harrods, Selfridges, House of Fraser and La Rinascente, working with over 100 brand partners to deliver the best selection of the world's most reputable brands.  Since its management buyout in 2008 (backed by Graphite Capital), Kurt Geiger's strategy of investment and brand growth has led to increases in revenues and profits, in addition to the doubling of the number of Kurt Geiger stores to 60.  Kurt Geiger continues to drive global expansion and has already established a substantial presence in the , Kurt Geiger Chief Executive Officer, stated: "Kurt Geiger has experienced exceptional growth over the last five years via the expansion of the core business and commitment to increasing our global presence.  Kurt Geiger is still relatively young in terms of growth profile, with great potential still to be fulfilled.  We have developed a strong relationship with Jones and recognize it as an established designer, retailer and wholesaler in the U.S.  Jones has a clear track record of supporting and growing its brands, and we are confident that we have found the right strategic partner to help evolve our business.   We look forward to leveraging our global infrastructures to bring the Kurt Geiger and The Jones Group brands to more audiences worldwide.

Enzo Angiolini Shoe Stores - News


The Jones Group Acquires Kurt Geiger

In addition, Kurt Geiger operates 156 multi-branded shoe concessions in 14 major department store groups including Harrods, Selfridges, House of Fraser and La Rinascente, working with over 100 brand partners to deliver the best selection of the world's




Spend or Save: Wedding Shoes - Dana Markos Events

When it comes to the Bride's outfit, the dress is the real show-stopper, but something else that is absolutely essential to the overall look is the wedding shoes. Finding the perfect shoes is important, you want to get the perfect color, design, height, and comfort, but one thing you don't want is a crazy expensive price tag! Check out some of the prettiest shoes we could find, and compare them to the more budget friendly versions! If you were planning on going with a more traditional look, many brides consider a plain white to be the classic bridal shoe color. By not including embellishments and crystals, the shoes allow the dress to shine as it should, but give you a complete look too! At $795, these Christian Louboutin's are certainly considered a 'Spend'. With a five inch heel and one inch platform, a Bride wearing these heels is going to get a sudden burst of height. Although wildly expensive, these shoes are a classic look and even have your something blue taken care of, check out the insole! If you love the idea of a classic white heel, but aren't prepared to drop nearly eight hundred dollars on a pair of shoes, fear not. This Nine West 'Sharina' White Slingback Pump has a 3.5 inch heel with a .75 inch platform. The shoe shares a similar style with the Louboutin's with a peep toe in the front and a small exposure in the back, and at $53.99, the savings are incredible.  If your a bride that was looking for something exciting to pop underneath your dress, you may want to consider using a bright color instead of the more traditional palette. These $945, bright blue Manolo Blahnik Jeweled Satin Pumps have a 4.5 inch heel with a crystal encrusted broach at the toe. The price is expensive, but we have the admit, the impact is powerful!  For our brides who wait until the last minute to pick out the shoes for their big day, don't feel pressured to rush into any decisions and blow your budget due to stress! Browse a couple of stores for the style that suits the overall look of your wedding, and make an educated decision. No matter what remember to get something that fits perfectly so you are comfortable all night long!


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