IPO CANDIDATE GOLDEN GOOSE'S NET REVENUES UP 18% TO 587 MLN EUROS IN 2023

Golden Goose, the Italian luxury sneaker maker, reported a significant increase in net revenues for the previous year, marking an 18% rise at constant exchange rates. This surge in revenue, totaling 587 million euros, was attributed to the opening of 21 new stores, bringing the total to 191 by the end of 2023. Additionally, the company, majority-owned by private equity firm Permira, disclosed that its adjusted core profit experienced a notable uptick of 19%, reaching 200 million euros in 2023.

As Golden Goose gears up for its initial public offering on the Milan bourse, it has enlisted the support of notable financial institutions including Bank of America, JPMorgan, Mediobanca, and UBS as global coordinators for the IPO. The public offering is anticipated to occur in the second quarter of the current year.

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