The Italian sportswear provider Golden Goose Group Spa has found another investor. On Tuesday, the company announced that the Hong Kong investment company Blue Pool Capital acquired a strategic twelve percent participation in Golden Goose.
The majority of the shares continue to hold funds that are controlled by the financial investor Permira. The transaction that has now been made was agreed shortly after the shifted IPO last June, Golden Goose said. Oliver Weisberg, the CEO of Blue Pool Capital, will now move into the company’s board of directors.
The new investor should support Golden Goose’s expansion plans
“The Blue Pool Capital investment takes place at a time when Golden Goose achieves strong financial results despite difficult framework conditions in the luxury segment,” says a message. In the first nine months of the 2024 financial year, the clothing provider had increased its sales by twelve percent. The result, which was adjusted for special effects before interest, taxes and depreciation (EBITDA), had grown by eleven percent.
The entry of Blue Pool Capital is an “important milestone” for Golden Goose, the company said. In his expansion efforts, the sportswear specialist can now benefit from the extensive market knowledge of the new investor in the Asian-Pacific area.