– Golden Goose Group S.p.A. (“Golden Goose”) announces that HSG, an international venture capital and private equity firm, will acquire a majority stake.
Temasek and True Light Capital will join as minority investors.
– Permira and other existing shareholders, including The Carlyle Group, have partially realized their investments and will retain minority stakes.
– Golden Goose is a next-generation global luxury brand at the intersection of luxury, lifestyle, and sportswear.
– Revenues grew from €266 million in FY 2020 to €655 million in FY 2024.
– The Group has accelerated direct-to-consumer (DTC) channels, launched the Forward Store concept, diversified products, and invested in Co-Creation experiences.
– In the nine months ended September 2025, revenues rose 13% year-on-year, with 21% growth in DTC and 227 directly operated stores (up from 97 in 2019).
– The investment aligns with Golden Goose’s growth ambitions and leverages investors’ experience in luxury and consumer technology brands (e.g., Moncler, Ermenegildo Zegna, ByteDance).
– The Group will continue to preserve its Made in Italy heritage.
– Silvio Campara remains CEO, leading the existing management team.
– Marco Bizzarri becomes Non-Executive Chairman, bringing experience from Gucci, Bottega Veneta, and Kering.
– Silvio Campara highlighted HSG and Temasek’s role in supporting global expansion and strengthening Golden Goose’s luxury-lifestyle-sportswear model.
– Jiajia Zou (HSG) emphasized partnering to support international growth while maintaining the brand’s Italian heritage.
– Francesco Pascalizi and Tara Alhadeff (Permira) praised Golden Goose’s strong performance and continued global growth ambitions.
– Financial terms were not disclosed; transaction subject to customary closing conditions and regulatory approvals, expected to close summer 2026.
– Golden Goose expects to redeem its €480 million Senior Secured Floating Rate Notes due 2031 upon transaction closing.
– J.P. Morgan acted as lead financial advisor; Bank of America advised Permira.
Legal and tax advisors included Giliberti Triscornia e Associati and Maisto & Associati.
– EY conducted Permira’s financial due diligence.
