Golden Goose has confirmed its debut on the Euronext Milan, marking a significant milestone for the luxury sneaker brand.
- This announcement ends months of anticipation about the company’s market plans.
- The listing aims to bolster the capital structure and alleviate company debt.
- Golden Goose has shown robust financial performance with an 18% revenue increase last year.
- Key stakeholders express optimism about the brand’s future growth trajectory.
Golden Goose has officially announced its decision to list on the Euronext Milan, concluding a period of intense speculation. This move is poised to enhance the company’s financial foundation and address existing debts, providing a stronger platform for future growth.
The luxury sneaker brand has reported an impressive financial upswing, with net revenues climbing by 18% to reach €587 million for the year ending 31 December 2023. This financial health underscores the brand’s market appeal and operational efficiency.
Backed by the global investment firm Permira, known for its ownership of renowned names like Dr Martens, Golden Goose is set for its €100 million initial public offering. Permira’s acquisition of the company in 2020 for €1.28 billion reflects the firm’s confidence in Golden Goose’s potential.
Silvio Campara, the CEO, emphasises the importance of brand loyalty and cultural resonance in today’s fashion industry. He stated, ‘While the fashion world is all about product desirability, consumers want to create a deeper connection with brands through shared values and culture.’ These values are central to the brand’s strategy and community engagement.
Francesco Pascalizi from Permira highlights Golden Goose as a ‘category-shaping luxury company’ that has consistently outperformed the market with its innovative leadership and strategic growth. The forthcoming IPO is regarded as a landmark event, propelling the brand towards its ambitious expansion goals.
Golden Goose’s strategic listing on Euronext Milan sets the stage for further growth and industry leadership.
