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NEW YORK — Vince Camuto and Kurt Geiger have entered an exclusive retail distribution agreement for the Vince Camuto, VC Signature and Jessica Simpson brands throughout Europe.
This story first appeared in the June 4, 2012 issue of WWD. Subscribe Today.
Under the agreement, Camuto and Kurt Geiger, Europe’s largest luxury shoe retailer, will partner exclusively in the U.K., Ireland and Germany. The deal is effective for holiday.
Kurt Geiger operates freestanding stores and multibranded footwear concessions within major stores throughout Europe. Retail partners in the U.K. will include Harrods, Liberty, Selfridges and House of Fraser, while Brown Thomas and Karstadt are on board for Ireland and Germany, respectively. In addition, Camuto’s footwear will be carried in Kurt Geiger’s independent stores. Camuto and Kurt Geiger also plan to open a freestanding store in Central London in spring 2013, under the Vince Camuto banner. A location is currently being sought.
“This is very exciting. They’re a premium retailer,” Vince Camuto, founder and chief executive officer of Camuto Group, told WWD. “We believe that the partnership will allow both companies to achieve significant growth within the European market. We look forward to working closely to develop strong brand identities within the region and continue to expand strategically.” Kurt Geiger shops will offer footwear and handbags from the Vince Camuto, VC Signature and Jessica Simpson collections.
Last year, the Jones Group bought the London-based Kurt Geiger from private-equity firm Graphite Capital for about $350 million, including debt. Kurt Geiger has an extensive international retail network and strong position in the high-end market.
Neil Clifford, chief executive officer of Kurt Geiger, said he believes that Camuto’s brands will help support Geiger’s strategy to become “the strongest footwear accessory player in Europe.”
Kurt Geiger has 66 stores worldwide, 124 concessions within the U.K. and Europe’s major department stores, and operates kurtgeiger.com and us.kurtgeiger.com. Kurt Geiger sells more than 150 luxury and contemporary brands within its retail distribution.