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Permira, the private equity owner of Golden Goose, has sold a majority stake in the Italian footwear brand known for its distressed sneakers to investment firm HSG for an undisclosed sum, the companies announced today.
Global investment companies Temasek and True Light Capital are also joining as minority investors. Funds advised by Permira, as well as other existing shareholders, will retain a minority investment in the group.
“Golden Goose stands for love, empathy, authenticity and a powerful sense of community in today’s luxury landscape. We feel deeply privileged to partner with Temasek and Permira, together with Silvio and his talented team, to support the brand as it enters its next exciting chapter of growth — especially internationally — while preserving and celebrating what makes Golden Goose so uniquely Italian. We look forward to contributing our global experience, resources and deep respect for the brand’s heritage, with the shared ambition of bringing the unique joy and spirit of Golden Goose to consumers around the world, for generations to come,” said Jiajia Zou, partner at HSG, in a statement.
Golden Goose was founded by Francesca Rinaldo and Alessandro Gallo in 2000 in Marghera, Italy. CEO Silvio Campara took the helm in 2018, shifting the company’s focus from RTW to sneakers. When Campara joined the company 12 years ago (then as chief commercial officer), Golden Goose reported annual revenues of €30 million. In 2024, net revenues reached €654.6 million. He will remain in his post.
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Permira bought Golden Goose for €1.3 billion in 2020, with a view to take it public, but amid declining markets in Europe, the plans never materialised. Now the plan is to “accelerate Golden Goose’s international expansion while preserving its Italian artisanal roots”, according to the release.
“We are delighted to welcome HSG and Temasek as strategic partners to Golden Goose as we step up our global ambitions as a leading international luxury brand. Their investment is yet another vote of confidence in the success of our model at the intersection of luxury, lifestyle, and sportswear, beloved by a growing, global community of Dreamers. With their experience of scaling international leaders across luxury and the broader business spectrum, HSG and Temasek will help us unlock the vast opportunity ahead for Golden Goose,” said Campara. “We are grateful to Permira for being integral partners to our successful journey so far and are delighted they will remain valued partners alongside HSG and Temasek.”
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