The American company Permira, majority shareholder of the Italian luxury brand since 2020, has sold most of its shares to the Chinese company HSG (formerly Sequoia Capital). The brand has experienced the strongest growth in Italian fashion over the last five years.
Golden Goose is set to take flight once again.
After considering an IPO, with an aborted attempt in Milan in 2024, the successful Venetian luxury sneaker brand is restructuring its shareholding.
The American investment company Permira, which had held a majority stake since 2020, when it acquired the company for €1.28 billion, has finally sold its majority stake to the Chinese fund HSG. The transaction values the company at just over €2.5 billion ($2.9 billion), including debt.
Permira remains a strategic minority shareholder. This was also the case with Carlyle, when it sold its majority stake to Permira in 2020, and which remains a shareholder today.
Asian funds
Another Asian fund, Singapore’s Temasek and its subsidiary True Light, will also take a minority stake. Temasek has already acquired stakes in Italian luxury brands Moncler and Zegna, doubling its stake in the latter to 10% last July. Finally, another Hong Kong investment company, Blue Pool, backed by Alibaba co-founder Joe Tsai, had already acquired a 12% stake in Golden Goose at the beginning of the year.
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