Golden Goose news and archive

Strong DTC growth boosts Golden Goose revenues by 12 percent

Golden Goose net revenues for the nine month period of 466 million euros, increased by 12 percent driven by 18 percent growth in DTC revenues to 346.1 million euros. Revenues in the third quarter also increased by 12 percent. DTC channel witnessed 37 percent increase in EMEA and 14 percent in the Americas. The company said that in DTC, retail...

Business

Golden Goose achieves strong first half results

First half net revenues at Golden Goose of 307 million euros, were up 12 percent, while DTC revenues increased by 18 percent, accounting for 73 percent of net revenues, delivering on the company’s DTC expansion strategy. Adjusted EBITDA for the period increased by 12 percent to 109.2 million euros, while adjusted EBIT of 80.5 million euros, was...

Business

Golden Goose postpones IPO

Golden Goose Group has announced the postponement of its initial public offering as a result of European market volatility. The company’s management believes that the current market backdrop is not the right environment to take the company public and an IPO for Golden Goose will be reassessed in due course. The company said in a release that as...

Business

Golden Goose sets IPO price range at 9.50 to 10.50 euros

Golden Goose Group has set the offer price range of 9.50 euros to 10.50 euros per share, implying a market capitalisation of approximately 1,693 million euros and 1,860 million euros for the company. The company said in a statement that it is offering new shares to raise gross proceeds equal to approximately 100 million euros at the maximum rate...

Business

Golden Goose plans to float on Euronext Milan in June

Golden Goose has announced its intention to proceed with the listing of its ordinary shares on Euronext Milan. The company expects the listing of shares to take place in June 2024. Commenting on the development, Silvio Campara, chief executive officer, Golden Goose said in a statement: “While the fashion world is all about product desirability,...

Business

Golden Goose reports strong quarterly growth driven by DTC

First quarter revenues at Golden Goose Group of 148 million euros, increased 12 percent at constant exchange and 11 percent on a reported basis. Net revenues in DTC were 106 million euros, up 20 percent at constant exchange and 18 percent on a reported basis. The company’s adjusted EBITDA of 54 million euros, rose 17 percent and adjusted EBIT of...

BusinessFeatured

Golden Goose posts strong Q1, appoints Marco Bizzarri to board

Following a strong performance in 2023, Golden Goose net revenues for the first quarter increased by 12 percent at constant exchange and 11 percent on a reported basis, while maintaining strong margins. The company also announced the appointment of Marco Bizzarri, former president and CEO of Gucci, to its board of directors. The company’s...

Golden Goose posts surge in annual revenue and profit

Golden Goose Group net revenues of 587 million euros for FY23, grew 18 percent at constant exchange versus FY22. Adjusted EBITDA of 200 million euros, increased 19 percent and adjusted EBIT of 149 million euros, rose 22 percent. Commenting on the annual trading, Silvio Campara, chief executive officer, Golden Goose Group, said in a statement: “...

Business

Golden Goose reportedly seeking 1.1 billion dollars from IPO

Luxury fashion group Golden Goose is believed to be aiming to raise around 1.1 billion dollars from an initial public offering (IPO) in Milan, Italy. It is understood that Permira, the company’s majority owner, has appointed a number of banks, including Bank of America and JPMorgan, to oversee the move as global coordinators, according to...

Business

Golden Goose posts strong growth, eyes IPO in 2024

For the first nine months, Italian luxury sports shoe brand Golden Goose turnover increased 19 percent versus 2022 and 60 percent on a two-year stack to 421 million pounds. The company’s third quarter turnover increased by 16 percent and adjusted EBITDA increased by 18 percent. According to the recent Financial Times report, Permira is all set...

Business

New Balance sues Golden Goose for copying ‘dad shoes’

Boston-based sportswear giant New Balance has recently commenced legal proceedings against luxury Italian label Golden Goose. The lawsuit, filed in the US District Court for the District of Massachusetts last week, claims that Golden Goose has copied New Balance's signature Dad sneakers, particularly the flagship Model 990 line. Originally...

Fashion |In Pictures

Swarovski and Golden Goose unveil crystalised sneakers

Swarovski’s platform for collaborations the ‘Swarovski Creators Lab’ has teamed up with sneaker brand Golden Goose to launch a limited-edition collection embellished with Swarovski Crystals. The collection includes two new versions of Golden Goose’s signature Super-Star sneakers, inspired by the skate scene in California, which have been covered...