Companies

Chinese Group HSG Takes Majority Stake in Golden Goose

Dec 24, 2025 Italy

Under the new ownership structure, Permira will retain a minority stake, Silvio Campara will remain Chief Executive Officer, and Marco Bizzarri is set to become non-Executive Chairman

Golden Goose has revealed that HSG, a Chinese venture capital and private equity firm (formerly known as Sequoia Capital China), will acquire a majority stake in the group. Temasek, a global investment company, and a fund managed by its wholly-owned asset manager, True Light Capital, will join as minority investors.

Meanwhile, funds advised by Permira, as well as other existing shareholders, will partially realise their investment in Golden Goose, retaining a minority stake in the group.

Under the new ownership structure, Silvio Campara will continue to lead the group as Chief Executive Officer, working alongside the existing leadership team. Marco Bizzarri, currently a non-executive director on the Golden Goose board, will become non-executive chairman.

“We are delighted to welcome HSG and Temasek as strategic partners to Golden Goose as we step up our global ambitions as a leading international luxury brand. Their investment is yet another vote of confidence in the success of our model at the intersection of luxury, lifestyle, and sportswear, beloved by a growing, global community of Dreamers”, commented Silvio Campara, Chief Executive Officer of Golden Goose.

The investment comes after Golden Goose closed the first nine months of the year with a 13% year-on-year increase in revenue to 517.1 million euros. This was driven by a 21% growth in its direct-to-consumer channel and an expanded store network.

Campara added: “With their experience of scaling international leaders across luxury and the broader business spectrum, HSG and Temasek will help us unlock the vast opportunity ahead for Golden Goose”. He also thanked Permira “for being integral partners to our successful journey so far” and said they “are delighted they will remain valued partners alongside HSG and Temasek”.

Although financial terms were not disclosed, market sources estimate the value of the acquisition at 2.5 billion euros. The transaction is expected to be finalised by next summer.

Image Credits: nssmag.com

Italy Acquisitions Companies Golden Goose Luxury Management Sneakers