HSG buys Italian luxury brand Golden Goose; Temasek picks minority stake

HSG buys Italian luxury brand Golden Goose; Temasek picks minority stake

Shoes are seen in a Golden Goose store in Milan, Italy, April 9, 2024. REUTERS/Claudia Greco

Italian luxury sneaker brand Golden Goose said on Friday Chinese private equity firm HSG had become its new majority investor after a deal with current owner Permira, with Singapore’s Temasek taking a minority stake.

The accord gives Golden Goose an enterprise value of around 2.5 billion euros ($3 billion), a source close to the matter said. The statement did not disclose financial details.

Permira and other existing shareholders including Carlyle will retain minority stakes, the Golden Goose statement said.

Silvio Campara will continue to lead the brand as chief executive. Former Gucci CEO Marco Bizzarri, currently a board member, will become non-executive chairman.

The transaction is expected to be completed by the end of summer 2026.

Reuters

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