Golden Goose agrees deal to bring in HSG as majority shareholder

Core Viewpoint - Italian luxury fashion brand Golden Goose has entered into an agreement for Hong Kong investment firm HSG to become its majority shareholder, with Temasek acquiring a minority interest and existing investor Permira retaining a strategic minority stake [1][2][3] Group 1: Investment and Shareholding - HSG will become the majority shareholder of Golden Goose, while Temasek will acquire a minority interest and Permira will maintain a strategic minority stake [1] - Financial details of the transaction have not been disclosed, and the deal is expected to finalize in summer 2026, pending regulatory approvals [1][6] Group 2: Strategic Goals - The new investment aims to accelerate Golden Goose's international expansion while maintaining its "Made in Italy" production base [2][4] - CEO Silvio Campara will continue to lead the company, supported by the current management team, with Marco Bizzarri taking on the role of non-executive chairman [2][3] Group 3: Financial Performance - Golden Goose reported revenues of €655 million ($768.52 million) for the 2024 financial year, a significant increase from €266 million in 2020 [3] - For the nine months ending September 2025, revenue increased by 13% year-on-year, driven by a 21% growth in direct-to-consumer sales and an expanded retail network of 227 stores, up from 97 in 2019 [4] Group 4: Market Position and Future Outlook - HSG partner Jiajia Zou emphasized the brand's values of love, empathy, and authenticity, highlighting the partnership's focus on supporting Golden Goose's international growth while celebrating its Italian heritage [5] - The transaction was negotiated shortly after Golden Goose postponed its initial public offering, indicating a strategic shift in the company's growth plans [6]