Italy’s Golden Goose Group SpA announced on Friday that international venture capital and private equity firm HSG will acquire a majority stake in the luxury company. At the same time, the global investment company Temasek and a fund with minority investments managed by its wholly owned asset manager True Light Capital are getting involved.
As part of the transaction, the funds managed by Permira partially realized their investment in Golden Goose. However, Permira remains involved in the group as a minority shareholder.
The financial details of the transaction were not disclosed. However, market sources value Golden Goose at around 2.5 billion euros. The transaction is expected to close in summer 2026.
The operational management of the group remains unchanged. Silvio Campara will continue to lead Golden Goose as Chief Executive Officer (CEO) alongside the existing management team. Marco Bizzarri, currently a non-executive member of the board, will take over as non-executive chairman.
Focus on international growth
With HSG and Temasek, Golden Goose gains strategic partners who will support the brand’s international growth. Both investors have extensive experience in the luxury and technology sectors. Temasek’s portfolio includes Moncler and the Ermenegildo Zegna Group, while HSG is invested in Pop Mart, RedNote and Marshall, among others.
The common goal is to further develop Golden Goose as a global luxury company of the next generation while at the same time preserving and specifically strengthening the brand’s Made in Italy DNA.
Golden Goose has recently developed dynamically operationally. In the nine months to the end of September 2025, the company achieved double-digit growth in all regions. Sales rose by 13 percent compared to the previous year, driven by a 21 percent increase in the direct-to-consumer business and the expansion of stationary retail.
The global retail network grew to 227 directly operated stores, up from 97 stores in 2019.
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