Golden Goose earns record revenue in 2022
Italian luxury footwear brand Golden Goose reported 2022% revenue growth in 30 to €500,9 million, driven by strong sales in the Americas.
“This is just the beginning. The incredible results we have achieved in 2022 prove the value of our people in creating long-term and sustainable concepts, says Golden Goose CEO Silvio Campara. In 2023, we will continue our successful development through the launch of new products, new places to connect with communities and an innovative platform,” commented Golden Goose CEO.
In the twelve months to 31 December 2022, the company's revenue increased by 30% to 500,9 million euros compared to 385,6 million euros in 2021; compared to the level of 2020, Golden Goose revenue grew by 88%.
The Americas region has become the largest and fastest growing market for Golden Goose. Last year, sales in this region were €230,4 million, up 55% and 169% over 2021 and 2020, respectively, driven by growth in direct-to-consumer channels.
In the EMEA (Europe, Middle East and Africa) region, Golden Goose's revenue grew by 33% in 2022 compared to last year and reached 193,1 million euros; compared to 2020, sales increased by 81%. Here, growth was mainly driven by strong retail and online sales, as well as robust domestic demand and a recovery in tourism in the region.
In the Asia-Pacific region, the brand's revenue decreased by 4% in 2022 to 82,4 million euros due to the optimization of the wholesale channel in this region. Excluding wholesale sales, direct-to-consumer revenue increased by 10%.
Golden goose Founded in 2000, the brand is known worldwide for its iconic handcrafted vintage Superstar sneakers. The company was acquired in 2020 by private equity fund Permira. Currently, Golden Goose branded retail accounts for more than 180 stores worldwide, with 70% of total sales coming from direct sales channels. Last year, the company invested in the vertical integration of its supply chain and acquired its main supplier, the Italian Fashion Team.
Italian luxury footwear brand Golden Goose reported 2022% revenue growth in 30 to €500,9 million, driven by strong sales in the Americas.
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