Private equity firm Permira has agreed to sell Italian luxury leisure footwear brand Golden Goose to Chinese investment group HSG in a transaction valuing the business at just over €2.5bn, according to a report by Bloomberg.
Under the terms of the deal, Singapore-based investor Temasek will acquire a minority stake in Golden Goose, while Permira will also retain a minority shareholding. Financial terms and ownership breakdowns were not disclosed. The transaction provides Permira with a partial exit after it acquired the company in 2020 for €1.3bn and shelved plans for a Milan IPO last year.
Golden Goose has continued to grow despite a broader slowdown in the luxury sector, with revenues rising 13% in 2024 to around €655m. Chief executive Silvio Campara said the deal recognises the value built by the business, which is growing at a strong double-digit pace, and reiterated that a public listing remains a long-term objective.
The acquisition represents one of the largest European luxury deals of the year and highlights continued Chinese investor interest in established European brands. Golden Goose operates more than 200 stores globally and will continue to be led by Campara, with former Gucci chief Marco Bizzarri set to become non-executive chairman.
