The Carlyle Group will acquire 100% of Golden Goose Deluxe Brand from a pool of owners led by Ergon Capital Partners III S.A., Zignago Holding Spa (part of Marzotto Group), Golden Goose’s founders (Francesca Rinaldo and Alessandro Gallo) and the brand's former management team.
The transaction is expected to be finalized by the end of March 2017. The investment will be made by Carlyle Europe Partners IV, a Europe-focused upper-mid market buyout fund. Golden Goose Deluxe Brand will be Carlyle’s fourth significant investment in the European fashion and apparel sector, following previous investments in Moncler, TwinSet Simona Barbieri and Hunkemöller.
Established in 2000 with its headquarters in Venice, Italy, Golden Goose Deluxe Brand is strongly positioned in the global luxury sneakers market, registering more than €100 million revenues in 2016, with international markets accounting for almost 60% of its sales.
The brand is distributed through a worldwide network of more than 700 multi-brand stores and franchisees, along with eight directly operated flagship stores.
Marco De Benedetti, managing director and co-head, Carlyle Europe Partners, commented: “We admire Golden Goose’s stylistic unique brand identity, effective business model and undisputed capacity to innovate and create a new category of ‘luxury fashion sneakers’. We look forward to supporting Golden Goose Deluxe Brand with our strategic industry knowledge and through investments to build the potential for the brand, especially in United States and Asia, and predominantly though an acceleration of its worldwide retail and online presence.”
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