Golden Goose gains strategic investment from Blue Pool Capital

Golden Goose, the Italian luxury sneakers and apparel brand, has secured a 12% minority investment from Blue Pool Capital, a Hong Kong-based investment firm.

The deal, completed after Golden Goose postponed its planned IPO in June 2024, allows Permira to maintain its majority ownership.

CEO Silvio Campara welcomed Blue Pool as a strategic partner, highlighting the firm’s expertise and connections in the US and APAC markets. “With Blue Pool’s support, we will push the boundaries of our dream to redefine luxury,” Campara said.

Golden Goose has delivered strong financial results despite a challenging luxury market. For the nine months ending September 2024, the company reported a 12% year-on-year revenue increase and an 11% growth in adjusted EBITDA. This performance was fueled by an 18% rise in the direct-to-consumer (DTC) channel. This reflects the brand’s focus on online and retail expansion.

Blue Pool Capital’s CEO, Oliver Weisberg, will join Golden Goose’s board of directors. “We look forward to adding value beyond financing to help the team unlock the brand’s full potential,” Weisberg said.

Permira acquired its majority stake in Golden Goose in 2020 and has since supported its growth through product diversification, sustainability initiatives, and a stronger DTC presence. Francesco Pascalizi and Giorgio Dinaro, managing directors at Permira, noted that Blue Pool’s involvement would further enhance the brand’s global reach and growth potential.

With over 200 stores across the Americas, Europe, the Middle East, and APAC, Golden Goose is well-positioned to continue its growth trajectory in the luxury segment.

Source: Fashion United

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