Golden Goose has officially announced its listing on Euronext Milan, marking a significant strategic move to enhance its financial standing.
- This announcement confirms ongoing rumours about the company’s intention to strengthen its capital and reduce its debt through a €100m IPO.
- Golden Goose witnessed an 18% increase in net revenues, reaching €587m for 2023, highlighting strong financial growth.
- Since its acquisition by Permira in 2020, Golden Goose has continued to deliver robust, profitable growth.
- Key company figures, including CEO Silvio Campara, emphasize the importance of community-centred branding and operational strategies.
Golden Goose, the Italian luxury sneaker brand, has affirmed its intention to list on the Euronext Milan, putting an end to months of speculation. This strategic move aims to enhance the company’s capital structure and address existing debt obligations. The initial public offering (IPO) is valued at €100m (£85m), a tactical decision in favour of financial fortification.
In the fiscal year concluding on 31 December 2023, Golden Goose reported an impressive 18% rise in net revenues, amounting to €587m (£500m). This financial uplift indicates a healthy growth trajectory for the brand, reinforcing the impact of its strategic initiatives.
The company was acquired by the global investment firm Permira for €1.28bn (£1.09m) in 2020. Permira’s involvement has evidently propelled Golden Goose to achieve substantial financial gains, as articulated by Francesco Pascalizi, head of Permira Italy. He remarked on the company’s capability to resonate with a new generation of luxury consumers, resulting in sustained, robust growth.
CEO Silvio Campara expressed the brand’s philosophy, stating, “While the fashion world is all about product desirability, consumers want to create a deeper connection with brands through shared values and culture.” This sentiment highlights the importance of Golden Goose’s community-centred approach and its commitment to maintaining a loyal customer base through cultural alignment and high-quality products.
Further supporting this approach, Pascalizi lauded the leadership and visionary direction of Golden Goose over the past four years. “It’s committed and visionary leadership team have taken the business from strength to strength over the last four years,” he noted, underscoring the effectiveness of the company’s management and strategic decisions.
Golden Goose’s impending IPO on Euronext Milan represents a pivotal financial milestone, with significant implications for its growth trajectory.
