Golden Goose plans to raise 1 billion euros on the stock market

Golden Goose plans to raise a significant €1 billion through its IPO in Milan. At a time when the war in Ukraine and rising interest rates have frozen European financial markets, this initiative could mark one of the most important events of the year in the luxury goods sector.

 

Luxury fashion group Golden Goose plans to raise around 1 billion euros via an IPO in Milan, according to three sources close to the matter quoted by Reuters.

 

Golden Goose, famous for its worn-in sneakers sold for hundreds of euros, recorded 30% sales growth last year, reaching around 501 million euros.

 

The company’s main shareholder, private equity giant Permira, has called on seven banks to underwrite what is expected to be one of the largest IPOs in Europe next year, the sources said.

 

Permira and Golden Goose declined to comment.

 

Choice of banks

 

In early December, Reuters reported that Permira had appointed Bank of America, JPMorgan, Mediobanca and UBS as global coordinators for the IPO. The company also involved BNP Paribas, Citigroup and UniCredit as joint bookrunners to assist in the deal, the sources added.

 



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Featured photo : ©Golden Goose Superstars

Picture of Hugues Reydellet
Hugues Reydellet
Hugues Reydellet is a young and passionate journalist whose favorite subjects are economy, culture, gastronomy, but also cars, and sports. With a sharp pen and an insatiable curiosity, Hugues is constantly on the lookout for new hot information to report.

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