Luxury fashion company Golden Goose is reportedly planning to raise 1 billion euros ($1.1 billion) through an initial public offering (IPO) in Milan. Permira, the majority owner of Golden Goose, has enlisted the services of seven banks to underwrite the IPO, which is expected to be one of the largest in Europe next year. The decision to go public comes as a way to inject new vitality into Europe’s capital markets, which have experienced a slowdown in listing activity. Golden Goose is known for its distressed sneakers and saw a 30% increase in revenue last year. The IPO is expected to have a positive impact on the European fashion industry and investors eagerly await its progress.

According to sources familiar with the matter, Golden Goose is planning to raise approximately 1 billion euros ($1.1 billion) through an initial public offering (IPO) in Milan. The luxury fashion company, known for its distressed sneakers, is expected to have one of the largest IPOs in Europe next year. Private equity firm Permira, the majority owner of Golden Goose, has reportedly engaged seven banks to underwrite the IPO, including Bank of America, JPMorgan, Mediobanca, UBS, BNP Paribas, Citigroup, and UniCredit. This move is seen as an opportunity to revitalize Europe’s capital markets, which have experienced a slowdown in listing activity due to various factors such as rising interest rates and geopolitical conflicts.

Golden Goose’s decision to go public reflects a trend seen among other fashion companies in recent months. Spanish fashion retailer Tendam, backed by CVC and PAI Partners, has also appointed banks to potentially manage a listing in Madrid, while German sandal manufacturer Birkenstock recently made its debut on the New York Stock Exchange. The IPO of Golden Goose is highly anticipated as it offers investors the chance to participate in the success of this luxury brand.

Market observers will closely monitor the progress of Golden Goose’s IPO and analyze its impact on the broader capital markets. This IPO is expected to bring new life to the European fashion industry and provide a platform for growth and investment opportunities.

Useful links:
Golden Goose Official Website
Reuters Article on Golden Goose IPO