MILAN – After months of speculation, Golden Goose confirmed on Thursday it will launch an initial public offering on the Euronext Milan stock exchange, aiming at issuing 100 million euros worth of primary shares.
The goal is to strengthen the group’s capital structure and to reduce the company’s debt.
“While the fashion world is all about product desirability, consumers want to create a deeper connection with brands through shared values and culture,” said chief executive officer Silvio Campara. “At Golden, we have built a brand that people love and are loyal to, and that has delivered strong, profitable growth with a purpose. The brand’s mission is to unleash self-expression through authenticity and uniqueness. We keep true to this through co-creation, where people can be part of the creative process together with our artisans, the Dream Makers. Our community-centred approach, combined with our iconic and high-quality products, is at the heart of how we interact with our diverse, engaged global community.”
Permira bought the Italian brand for 1.28 billion euros in 2020.
“Golden Goose is a category-shaping luxury company built to resonate with the new generation of luxury consumers,” said Francesco Pascalizi, head of Permira Italy. “Since our initial investment in 2020, the company has consistently delivered, building on its track record of strong, resilient and profitable growth. Its committed and visionary leadership team have taken the business from strength to strength over the last four years, consistently outperforming the market. We are excited to be on this journey with them as they realize their growth strategy and launch a landmark IPO in Milan.”
It is expected that the listing will take place in June 2024, subject to required regulatory approvals and market conditions.
