The upmarket shoe retailer Kurt Geiger is being groomed for a £400m sale by its personal fairness backers.

Sky News has learnt that Cinven is working with advisers at Bank of America on a potential public sale of the model.

City sources mentioned on Tuesday {that a} sale course of was anticipated to start within the coming months, with curiosity anticipated from luxurious items teams and different buyout corporations.

Kurt Geiger, which was based in 1963, has been owned by Cinven since 2015.

Previously backed by Sycamore Partners, one other personal fairness group, the model is concentrating on important enlargement within the US via a series of standalone shops.

To mark its sixtieth anniversary, its long-serving chief government, Neil Clifford, lately introduced plans to ascertain a design academy for younger individuals to embark on careers within the vogue trade.

Mr Clifford has run the enterprise for the final twenty years.

Earlier this 12 months, it introduced a £150m debt deal to fund its worldwide enlargement and refinance present borrowings.

In the UK, Kurt Geiger’s footwear have been offered at department shops together with Harrods and Selfridges for years.

Cinven declined to remark.