Golden Goose, a renowned Italian luxury sneaker brand, has announced its intention to list on the Euronext Milan, marking a significant step in its growth strategy. This move aims to fortify the company’s capital and decrease its existing debt.
- Golden Goose reported a remarkable 18% increase in net revenues for the year ending December 31, 2023, reflecting its robust financial performance.
- The brand, acquired by Permira for €1.28bn in 2020, continues to demonstrate its market strength and appeal among luxury consumers.
- CEO Silvio Campara highlights the brand’s community-centered approach and its dedication to creating lasting consumer connections through shared values and culture.
- The Milan IPO is anticipated to further Golden Goose’s trajectory of strong, resilient growth, underpinned by its visionary leadership.
Golden Goose, an eminent name in the luxury sneaker segment, has officially confirmed plans for an initial public offering (IPO) on the Euronext Milan. The strategic decision comes after months of market speculation and aligns with the company’s long-term financial goals. By going public, Golden Goose intends to fortify its capital base and strategically reduce corporate debt, positioning itself for future expansion.
The financial health of Golden Goose is underscored by its 18% surge in net revenues, amounting to €587 million for the fiscal year ending on December 31, 2023. This impressive growth illustrates the brand’s ability to resonate well with consumers and maintain competitive edge in the luxury market.
Global investment firm Permira, which acquired Golden Goose for a substantial €1.28 billion in 2020, continues to support the brand’s strategic initiatives. Permira’s involvement has been instrumental in leveraging Golden Goose’s strengths, given its established presence in the luxury goods sector alongside notable brands like Dr Martens.
CEO Silvio Campara of Golden Goose emphasized the importance of a community-centered approach in the brand’s operations. According to Campara, “While the fashion world is all about product desirability, consumers want to create a deeper connection with brands through shared values and culture.” This philosophy is at the heart of Golden Goose’s interaction with its vibrant global community, ensuring loyalty and driving profitable growth.
Francesco Pascalizi, head of Permira Italy, remarked on the brand’s ability to resonate with the emerging generation of luxury consumers. He described Golden Goose as a ‘category-shaping luxury company,’ which has consistently delivered outstanding results since Permira’s initial investment. According to Pascalizi, the company’s committed leadership team has skillfully navigated the business landscape, consistently outperforming the market and setting a benchmark with its upcoming Milan IPO.
Golden Goose’s IPO on the Euronext Milan signifies a pivotal moment in its strategic growth, promising to reinforce its market position and financial robustness.
