Golden Goose is being acquired by Chinese company HSC – HongShan Capital for 2,5 billion euros. Golden Goose store in Singapore
12.11.2025 3511

Golden Goose is being acquired by Chinese company HSC – HongShan Capital for 2,5 billion euros.

Negotiations that could lead to the transfer of luxury sneaker brand Golden Goose from its current controlling shareholder, British fund Permira, to Chinese fund HSC – HongShan Capital are nearing completion, writes the Italian newspaper Corriere della Sera.

According to various sources, the Chinese offer is worth over €2,5 billion. In February 2020, Permira acquired the luxury sneaker brand from the Carlyle fund for €1,28 billion. Thus, Golden Goose doubled its value in five years.

Let's remember that in 2017, Carlyle acquired the brand, founded in 2000 in Venice by Alessandro Gallo and Francesca Rinaldo, for "only" 430 million euros!

In the summer of 2024, Permira prepared everything necessary for a company listing with an initial valuation of approximately €1,7 billion. Then, a few days before its IPO, the company backed out. The market had sensed its readiness to open its capital. And, as reported by Corriere della Sera, a few months later, Hong Kong-based Blue Pool Capital acquired 12% of Golden Goose's shares, becoming a minority shareholder.

Now, the "star sneaker" brand has attracted the attention of Chinese conglomerate HongShan, which has stakes in more than 160 companies, including Alibaba, BYD, Bytedance (TikTok), JD.com, the Amer Sports group (Wilson, Salomon, and Atomic), luxury brand Ami Paris, Urban Revivo, and Shein.

Negotiations that could lead to the transfer of luxury sneaker brand Golden Goose from its current controlling shareholder, UK-based fund Permira, to Chinese fund HSC – HongShan…
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