IPO shelved as investors double down on long-term growth
Golden Goose, the Italian luxury sneaker brand known for its “perfectly imperfect” aesthetic, is entering a new chapter as Chinese private equity firm HSG agrees to acquire a majority stake. Singapore’s Temasek and its arm True Light Capital join the deal as minority investors.
The agreement effectively sidelines the long-anticipated IPO and sets a private valuation of roughly €2.5 billion — nearly twice Golden Goose’s worth when Permira first invested in 2020, according to Financial Times.
Read full article here: turnovernews.com
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Photo: dreamstime.com
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