Turnover: 587 million EUR (2023)
Country: Italy
Founded in 2000 by two Venetian designers new to the fashion industry, Golden Goose quickly made a name for itself with its unique combination of innovative products and craftsmanship. The brand adopts a discreet communication strategy and favors selective locations in line with its philosophy.
Over the years, Golden Goose has created a true lifestyle for its customers, offering a complete collection including ready-to-wear, leather goods, accessories and shoes. This fusion of American spirit and Italian elegance is distinguished by unrivalled quality, meticulous attention to detail and the famous aged treatment that have become the much-loved hallmarks of GGDB products.
Since 2014, the brand has intensified its commercial development by opening iconic boutiques in prestigious fashion cities and destinations around the world. This expansion testifies to Golden Goose's ongoing commitment to offering an exceptional experience to its customers in the most exclusive locations in the fashion world.
News
Golden Goose: Italian luxury sneakers. 21/12/2023
- Golden Goose is looking to raise around 1 billion euros through an IPO.
- The Permira fund had to pay 1.3 billion euros to acquire 83% of Golden Goose's share capital in 2020.
- Golden Goose sales have quintupled since 2017, rising 30% to 501 million euros last year.
- Golden Goose achieved double-digit growth in all its major markets: the Americas grew by 12%, Europe by 24% and Asia-Pacific by 19%.
- The brand's flagship product (sneakers) accounts for 80% of sales.
- Golden Goose now has over 180 boutiques worldwide.
Golden Goose aims to diversify its offering 05/04/2023
The Italian luxury sneaker brand reported a 30% increase in revenues last year, and has identified a new growth vector: diversification of its offer
Golden Goose sneakers sold for over 400 euros a pair
Sales for fiscal year 2022: 501 million euros
Sales growth in the Americas: 55%
Increase in EMEA sales: 33%
Golden Goose price increases: +5% to +6% over three years
Twenty new stores planned for this year
Group valuation in 2020: €1.3 billion
Acquisition of main supplier, Italian Fashion Team, last year
40% of production carried out in-house
Golden Goose takes control of Italian Fashion Team 05/10/2022
Golden Goose, the Venetian luxury footwear specialist, has acquired its main supplier, Italian Fashion Team (IFT).
IFT is run by CEO Michele Zonno and his family.
Founded in 2007, IFT is based in Casarano, in the province of Lecce, Italy.
IFT specializes in the design, production and marketing of high-end footwear.
In 2021, IFT had over 250 employees. IFT produced over 700,000 sneakers in 2021.
IFT achieved sales of over 36 million euros in 2021.
The two companies have been working together for seven years.
The transaction is expected to close in the last quarter of the year, subject to antitrust approval.
Michele Zonno will remain at the helm of IFT after the transaction.
Golden Goose was founded in 2000 and is owned by the Permira fund.
Golden Goose achieved annual sales of 386 million euros in 2021.
Golden Goose is present in Asia, Europe, the Middle East and America.
The brand has over 160 direct stores and strong online and wholesale distribution.
Studies mentioning this company
The sneaker market - France
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