A company supported by Permira Funds has agreed to acquire a controlling stake in Carlyle in Golden Goose, writes Worldfoootwear.com.
Investment firm Permira Funds also owns brands such as Dr. Martens and Hugo Boss. The acquisition of the luxury sneaker brand Golden Goose will cost Permira € 1,2 billion. The deal will be completed in the coming months.
“Today marks an important milestone for the brand as it begins our partnership with Permira. Her experience and track record in the consumer market will be invaluable to us as we continue to grow and supply our products worldwide, ”commented Silvio Campara, CEO of Golden Goose, on the deal.
Permira partner Francesco Pascalizi, in turn, spoke of Golden Goose as a luxury brand of next-generation sneakers. “Over the past few years, the company has achieved incredible growth thanks to a strong management team. We look forward to using our own experience to support Golden Goose at a new stage of development, ”he said.
Founded in 2000 in Venice, Golden Goose is known for its iconic, expensive sneakers that feature an artificially aged look. The brand sells its products to countries in Europe, America and Asia. Golden Goose branded retail chain has about 100 stores, the brand's flagship stores are open in New York, Tokyo and Beijing.
Carlyle acquired Golden Goose in 2017 from the investment company Ergon Capital and was engaged in its development in the US and Asian markets. Since the purchase of the brand of luxury sneakers by Carlyle Foundation, its profitability has doubled. The range of products sold under the Golden Goose brand has also expanded, with clothing and accessories added to the sneakers. In 2019, the company's annual revenue reached 260 million euros.
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