Golden Goose, an Italian luxury sneaker brand, has confirmed its listing on the Euronext Milan, aiming to bolster its capital structure and reduce debt.
- The company plans to launch a €100 million IPO to strengthen its financial position.
- Golden Goose reported an increase in net revenues by 18% to €587 million for 2023, showing solid growth.
- Permira, a global investment firm, acquired Golden Goose in 2020 for €1.28 billion, highlighting its market value.
- Leadership from both Golden Goose and Permira express confidence in the brand’s strategic growth and market performance.
Golden Goose, renowned for its high-quality luxury sneakers, confirmed its listing on the Euronext Milan. This move aims to improve the company’s capital structure and decrease existing debt. The company is set to launch an initial public offering valued at €100 million, signifying a strategic financial step forward.
In the financial year ending 31 December 2023, Golden Goose demonstrated strong performance with an 18% rise in net revenues, amounting to €587 million. This growth underscores the brand’s ability to thrive in the competitive luxury market by maintaining product desirability and a strong consumer connection.
Investment firm Permira acquired Golden Goose in 2020 for €1.28 billion, underlining the company’s significant market position. Permira also owns the British footwear brand Dr Martens, offering insight into its strategy of investing in high-value footwear brands.
Silvio Campara, Golden Goose’s CEO, emphasised the brand’s commitment to building a community-centred approach alongside its iconic products. He noted, ‘While the fashion world is all about product desirability, consumers want to create a deeper connection with brands through shared values and culture.’
Francesco Pascalizi, head of Permira Italy, articulated the brand as a ‘category-shaping luxury company’ positioned to resonate with contemporary luxury consumers. The confidence in Golden Goose’s trajectory is further echoed by its consistent market outperformance over the past four years.
Golden Goose’s Milan listing marks a significant milestone in its strategic growth and financial restructuring efforts.
