Companies

Golden Goose to list in Milan in June

May 31, 2024 Italy

The Italian Luxury sneaker brand Golden Goose plans to list on the Milan stock exchange in June, saying it will sell 100 million euros worth of shares to fund expansion and pay down debt

“While the fashion world is all about product desirability, consumers want to create a deeper connection with brands through shared values and culture. An IPO is the natural next step in the success story that started in Venice in 2000 and I am deeply proud to lead the Golden Goose Family to this moment”, commented Silvio Campara, chief executive officer of Golden Goose.

The company said that the offer will consist of existing shares and 100 million euros of new shares to achieve a free float of at least 25% of the outstanding share capital. The proceeds will be used to strengthen the group’s capital structure and reduce debt.

“Since our initial investment in 2020, the company has consistently delivered, building on its track record of strong, resilient and profitable growth. We are excited to be on this journey with them as they realise their growth strategy and launch a landmark IPO in Milan,” added Francesco Pascalizi, head of Italy of Permira, which acquired the company four year ago.

Golden Goose ended 2023 with sales of 587 million euros, up by 18% from 500.9 million euros in the previous year, and adjusted core profit of 200 million euros, up by 19% from the previous year.

Image Credits: sunsetsandstilettos.com

Italy Companies Footwear Golden Goose IPO Luxury Sneakers