All Golden Goose articles
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ArticleGolden Goose’s revenues rise 11% in Q1
Golden Goose said that in the first quarter of 2024 revenues rose by 11 percent year-over-year on a reported basis and by 12 percent at constant exchange rates, while “maintaining strong margins.” Revenues of the direct-to-consumer channel grew by a reported 18 percent and 20 percent at constant exchange rates, ...
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ArticleGolden Goose’s sales rose 18% in 2023
In 2023, Golden Goose increased sales by 18 percent at constant exchange rates to €587 million, amid speculation that it is preparing to be listing on the Milan stock exchange. The Italian premium sneaker brand increased adjusted Ebitda by 19 percent to €200 million, and adjusted Ebit by 22 percent ...
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Golden Goose reportedly seeking to raise €1bn in IPO
Golden Goose plans is looking to raise about €1 billion from an initial public offering (IPO) scheduled in Milan next year, the news agency Reuters reported citing three people close to the matter. Permira, which has an 83 percent in the Italian sneaker brand, has appointed Bank of America, JP ...
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ArticleMoody’s upgrades Golden Goose’s credit rating outlook to positive
Moody’s Investors Service has changed Golden Goose’s credit rating outlook to positive from stable thanks to the company’s significantly deleverage. The U.S. credit rating agency also affirmed the Italian sneaker company’s B2 corporate family rating, its B2-PD probability of default rating, and the B2 instrument rating on the company’s €480 ...
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Permira reportedly picks the banks for Golden Goose's IPO
The private equity Permira has selected the pool of banks that will arrange the initial offering (IPO) of Golden Goose, according to the dailies Financial Times and Il Sole 24 Ore. The coordinators of the IPO are JP Morgan, BofA Merrill Lynch and Mediobanca. Il Sole 24 Ore does not ...
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Permira close to picking the banks for Golden Goose’s IPO
The private equity Permira is in the home stretch regarding the selection of the pool of banks that will arrange the initial offering (IPO) of Golden Goose, that could be held in 2024, according to the daily Il Sole 24 Ore. Goldman Sachs and BofA Merrill Lynch are the frontrunners ...
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ArticleGolden Goose’s revenues rise by 19% in the first nine months
Golden Goose’s revenues in the first nine months of 2023 stood at €421 million, up by 19 percent year-over-year and up by 60 percent compared with 2021. The brand achieved 69 percent through direct-to-consumer channels. In the sole third quarter of 2023, revenues of the Italian sneaker brand were up ...
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Golden Goose shareholder reportedly hires an advisor for an IPO
The private equity Permira has hired a financial advisor to study an initial public offering (IPO) on the Milan stock exchange for Golden Goose, according to the business newspaper Il Sole 24 Ore. The advisor is believed to be a US investment bank present in Europe. The IPO could be ...
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New Balance files lawsuit against Golden Goose for allegedly copying its Dad sneakers
New Balance has filed a lawsuit against luxury Italian label Golden Goose, claiming that the brand copied New Balance’s signature Dad sneakers, notably its Model 990 line. The lawsuit was filed on Aug. 18 in the US District Court for the District of Massachusetts. According to the complaint, Golden Goose’s ...
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Permira reportedly mulls selling Golden Goose
The private equity Permira is exploring the sale of Golden Goose for over €2.5 billion, according to the news agency Bloomberg. In 2020, the private equity bought the Italian sneaker brand from Carlyle for €1.28 billion.
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Golden Goose's Q1 sales up by 20%
Golden Goose’s first-quarter revenues totalled €133.3 million, up by 20 percent year-on-year and by 66 percent compared with 2021. The Italian sneaker brand said that growth was driven by ongoing investments and the expansion of its retail network. Direct-to-consumer sales totalled 67 percent of the brand’s sales. Sales were up ...
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ArticleGolden Goose boosts FY sales above €500m
In 2022, Golden Goose increased its sales by 30 percent to €501 million, driven by a 55 percent rise in revenues in the Americas to €230.4 million. In Europe, Middle East and Africa sales grew by 33 percent to €193.1 million, but the top line was down by 4 percent ...
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ArticleGolden Goose ranks among the fastest growing luxury goods brands
Golden Goose, the Italian producer of luxury sneakers, ranked third among the 20 fastest growing luxury goods companies over the past three years, according to Deloitte’s report Global Powers of Luxury Goods 2022. In the 2021 fiscal year, Golden Goose’s estimated revenues were $456 million, up by 45.0 percent from ...
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Golden Goose acquires Italian Fashion Team
Luxury sneakers specialist Golden Goose announced that it acquired Italian Fashion Team, a high-end sneakers producer and Golden Goose’s main supplier, for an undisclosed amount. The two companies have worked together for seven years. Based in Casarano, near the Apulian city of Lecce, Italian Fashion Team is headed by founder ...
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Golden Goose’s annual sales reach €386m
The Italian footwear and apparel company Golden Goose, known for its premium sneakers, posted sales of €385.6 million in 2021, up by 45 percent from a year earlier and by 328 percent from 2019. Revenues in the Americas rose by 75 percent compared with 2020 and by 111 percent from ...
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Golden Goose celebrates 20 years with a skate bowl in Venice
According to FashionNetwork.com, Golden Goose recently celebrated its 20th anniversary in Venice. For the occasion the Italian brand of distressed sneakers and streetwear brand took a 13-year-old wooden skate bowl – kept until then inside a former cinema in Milan – and had it floated to the Venetian lagoon, where ...
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Golden Goose opens a store on Tmall Luxury Pavilion
The Italian luxury sneaker brand Golden Goose has opened a flagship store on Tmall Luxury Pavilion , the B2C marketplace of the Chinese group Alibaba . The store will carry some of the brand’s most iconic products such as the sneakers Superstar , Stardan , Pure and ...
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Golden Goose names Maureen Chiquet chair
Golden Goose has appointed Chanel ’s former chief executive Maureen Chiquet as non-executive chairwoman, replacing Patrizio Di Marco . The announcement was made as the British private equity group Permira completed its previously announced acquisition of a majority stake in the Italian producer of upscale sneakers from ...
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EU clears Permira’s purchase of Golden Goose
The European Commission has cleared the acquisition of the Italian firm Sneakers Maker , the owner of luxury footwear and apparel brand Golden Goose , by the private equity firm, Permira because the deal does not raise competition concerns. Permira, which is buying the company from fellow private equity ...
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Former Chanel CEO may head Golden Goose
In view of the change of ownership from the US private equity Carlyle to its British peer Permira , Maureen Chiquet could replace Patrizio Di Marco as chairman of Golden Goose , according to the Corriere Economia , a weekly insert of the daily Corriere della Sera ...
