Steven Madden Just Acquired Kurt Geiger—Is This The Start Of A Fashion Empire? 

Steven Madden, Ltd. reported solid financial results for the full year 2024, with revenue increasing 15.2% year over-year to $2.3 billion and diluted earnings per share rising 9% to $2.67. The company emphasized four key business drivers: international expansion, category diversification beyond footwear, growth in direct-to-consumer (DTC) channels, and reinforcement of its U.S. wholesale footwear business. International revenue rose 12%, with notable growth in the EMEA region (18%), including Europe, the Middle East, and South Africa. Expansion efforts included transitioning from a distributor model to joint ventures (JVs), such as those in Latin America, Southeastern Europe, Singapore, Malaysia, and Australia. The company now operates 14 stores and e-commerce channels through JVs with Valiram and eight additional stores in Australia.