Golden Goose Group S.p.A has received a strategic minority investment of approximately 12 percent from Blue Pool Capital, a Hong Kong-based investment firm and family office. Funds advised by Permira, the global investment firm, will retain a majority investment in Golden Goose.
The transaction, which was negotiated and agreed shortly after the Group’s decision to postpone its planned IPO in June 2024, was completed on January 28, 2025.
“Founded in 2000, Golden Goose is a Next Gen global luxury brand operating at the intersection of luxury, lifestyle and sportswear,” the company outlined in a media release. “In 2020, funds advised by Permira acquired a majority stake in Golden Goose with a vision to partner with management to accelerate growth through direct-to-consumer (DTC) channels, in particular online and retail, diversify the product assortment and support the Group’s mission to become a category leader in sustainability.”
Since 2020, Golden Goose has reportedly more than doubled revenues and built a community of approximately twp million customers. Golden Goose trades in the Americas, Europe, the Middle East, and APAC, with over 200 stores and an online and wholesale distribution network.
The company said the investment from Blue Pool Capital comes during strong financial performance for Golden Goose, despite a challenging market for the luxury sector.
In the nine-month year-to-date period through September 2024, the Group reported 12 percent constant-currency revenue growth year-over-year and 11 percent adjusted EBITDA growth, driven primarily by performance of its DTC channel, growing 18 percent year-on-year in constant-currency terms.
The firm also reported that the capital commitment from Blue Pool is a milestone for Golden Goose and a testament to the Group’s financial performance and potential as a global luxury brand.
“Blue Pool’s deep expertise in the sports, entertainment and consumer industries, coupled with its deep knowledge of the APAC market, will help the Group further expand its reach and deepen the bond between Golden Goose and its large and growing community of customers,” Permira said.
CEO Oliver Weisberg of Blue Pool Capital, will join the Golden Goose Board of Directors.
“We are huge believers in Golden Goose and its management team – and its positioning at the intersection between luxury and sportswear is truly unique,” said Weisberg. “We look forward to adding value beyond our financing to support Silvio and the great Golden Goose team as they unlock the brand’s full potential.”
“We warmly welcome Blue Pool Capital as a strategic partner in our journey to redefine luxury,” offered Silvio Campara, CEO, Golden Goose. “This partnership reflects the strength of our brand and the incredible global community of Dreamers we have built. With Blue Pool’s expertise, their deep connections in the U.S. and APAC, and their impressive portfolio in sports investments, we will push the boundaries of our dream. Together, we will accelerate our growth through innovation while continuing to deliver unique, authentic experiences to our community.”
Francesco Pascalizi and Giorgio Dinaro at Permira, commented, “We are excited to welcome Blue Pool Capital as new partners on the journey with Silvio and the Golden Goose team. We are convinced that Blue Pool’s strong track record and global reach will further enhance the potential of Golden Goose as a unique luxury brand.”
J.P. Morgan and BofA Securities acted as equity financial advisors to Permira. Maisto & Associati acted as tax advisor and Giliberti, Triscornia & Associati acted as legal advisor to Permira.
Image courtesy Golden Goose
