Golden Goose will be auctioned Golden Goose, 410 Euro
03.12.2019 2027

Golden Goose will be auctioned

Owner of the luxury brand Golden Goose, the Carlyle Private Equity Fund will sell the brand through an auction held by Bank of America. He sent out invitations to submit his applications to a small group of bidders by mid-December. This is the first stage of the auction process, which should be completed early next year.

Among the bidders for the auction appear the brand owner Dr. Martens Permira and the American VF Corporation, owning the brands North Face, Timberland, Vans.

PVH Corp can also take part in the competition, whose brands include Tommy Hilfiger and Calvin Klein, as well as Tapestry, which owns the Coach bag brand.

Carlyle acquired Golden Goose in 2017 from the investment company Ergon Capital and was engaged in its development in the US and Asian markets. The flagship brand stores are open in New York, Tokyo and Beijing.

According to Reuter since the purchase of the brand of luxury sneakers by Carlyle fund, its profitability has doubled. The range of goods sold under the Golden Goose brand has also expanded, with clothing and accessories added to the sneakers.

In general, the luxury brand, founded in Venice on 2000 in Venice by designers Francesco and Alessandro Gallo, is valued at approximately 1,4 billion euros.

During the auction, Carlyle expects to receive offers from bidders for the purchase of Golden Goose in the amount of at least 1,2 billion euros, which is 15 times the main brand revenue of approximately 80 million euros.

 

Owner of the luxury brand Golden Goose, the Carlyle Private Equity Fund will sell the brand through an auction held by Bank of America. He sent invitations to submit his application to a small ...
5
1
Rating

Latest News

Euro Shoes exhibition starts a day earlier

The international exhibition of footwear and accessories Euro Shoes premiere collection will be held in Moscow at Expocentre from August 26 to 29 (Monday-Thursday). The event period has shifted by one day, at the request of the management...
26.04.2024 86

Lamoda Sport will support the release of new sports shoes with an advertising campaign

With the beginning of the spring season and the appearance of new models of sneakers from the world brands Adidas, Puma, Reebok and New Balance on the Lamoda Sport network, the Lamoda company will launch an advertising campaign in order to attract consumers to both goods,…
25.04.2024 177

Trend Island department store opened in Moscow in the Evropeisky shopping center

In mid-April, the opening of the second Trend Island department store took place in one of the key shopping centers of the capital, in the Evropeisky shopping center. The first department store with a focus on presenting collections of clothing, shoes and accessories from Russian designers was…
25.04.2024 242

The qualifying round of the Shoes-Style competition for footwear and accessories designers took place in Moscow.

On April 24, the qualifying round of the international competition of shoe and accessory designers “Shoes-Style” took place. At the site of the competition organizer, Russian State University. A.N. Kosygin demonstrated 70 collections of participants...
25.04.2024 445

Major players in the sportswear and footwear market are experiencing a slowdown in sales

The sportswear segment was not immune to the effects of inflation: in 2023, sales of the main players slowed down, writes...
23.04.2024 503
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning