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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