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Golden Goose with major investment from Permira Funds

Feb 14, 2020 United Kingdom
Golden Goose with major investment from Permira Funds
A company backed by Permira funds has agreed to acquire Carlyle’s majority stake in Golden Goose
Silvio Campara, CEO at Golden Goose commented: “Since the foundation of Golden Goose in 2000, we have strived to create innovative products for our customers, combining craftsmanship and a refined and modern style. We thank Carlyle for their support and partnership in leading the company through a phenomenal period of growth. Today marks an important milestone for the brand, as we partner with Permira. Their experience and excellent track record in the consumer sector will be invaluable to us as we continue to grow and deliver our products to an increasingly global audience.”

Francesco Pascalizi, Partner at Permira, added: “Golden Goose is a “next-gen” luxury brand and can be considered the ‘creator’ of the high-end sneakers category. Over recent years the company has experienced outstanding growth, driven by its excellent management team. We look forward to leveraging our experience to support Golden Goose through the next phase of development.”

About Golden Goose

Established in 2000 in Venice, Italy, Golden Goose is widely recognised for its iconic sneakers. The company has operations in Europe, US and Asia, and a network of 100 Directly Owned Stores (DOS). Carlyle acquired Golden Goose in March 2017 through Carlyle Europe Partners IV, a European-focused, upper-mid market buyout fund, and Carlyle Asia Growth Partners V. During their ownership, revenue has grown from 100 million euros to estimated revenue in excess of 260 million euros (2019).

The transaction is subject to customary conditions and is expected to close in the next months.

Image credits: Katie Harp on Unsplash

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