StocksUS Markets

Golden Goose Moves Closer to Milan Listing Next Year

MILAN (Reuters) – The Italian luxury sneaker brand Golden Goose has appointed Lazard as its financial adviser to consider a possible stock market listing in Milan, according to sources familiar with the situation.

The company, which was acquired by the private equity firm Permira in 2020, is targeting a listing in the first half of 2024, the sources noted.

Both Lazard and Golden Goose, as well as Permira, have chosen not to comment on the matter.

If successful, Golden Goose would join the ranks of other footwear brands seeking to go public. Recently, German premium footwear manufacturer Birkenstock announced its intention to pursue a valuation of approximately $10 billion in its initial public offering in the U.S., marking a surge of companies looking to enter the public market after a two-year hiatus.

Golden Goose’s sneakers, characterized by a distinctive five-point star on the side, retail for over 400 euros.

Earlier this year, Golden Goose’s Chief Executive Silvio Campara expressed optimism about the company’s growth potential, highlighting plans to diversify its product range while bringing more of its supply chain operations in-house.

In its latest financial report, Golden Goose revealed a 21% increase in net revenues during the first half of the year, amounting to 276 million euros. This growth was attributed to the expansion of direct-to-consumer sales and an increased geographical presence.

The group reported that its core profit accounted for 34.6% of revenues in the first six months.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker