# Golden Goose’s net revenues up 12% in first quarter
Author: Pal sinha, Barnali
Author URL: https://startupobserver.com/author/pal-sinha-barnali/
Published: 2024-04-23
Category: Headlines
Category URL: https://startupobserver.com/category/headlines/
Meta Title: Golden Goose First Quarter Revenues Up 12% with Strong Margins
Meta Description: Italy's luxury sneaker maker Golden Goose sees net revenues rise 12% in Q1 while maintaining strong margins, preparing for probable IPO in Milan.
URL: https://startupobserver.com/golden-gooses-net-revenues-up-12-in-first-quarter/

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MILAN (Reuters) – Italy’s Golden Goose said on Tuesday its net revenues rose 12% at constant exchange rates in the first quarter while maintaining “strong margins”, as the luxury sneaker maker prepares for a likely initial public offering in Milan.

The group, which is majority-owned by private equity firm Permira, added that sales in the direct-to-consumer channel grew 20%.

Golden Goose, which sells sneakers with a five-point star on the side priced at around 500 euros ($532) a pair, added that it appointed former Gucci Chief Executive Marco Bizzarri as a board member.

There was no update on the timing of its likely IPO.

It picked Bank of America, Mediobanca, JPMorgan and UBS as joint global coordinators for a planned listing in Milan in 2024, two sources close to the matter told Reuters in December.

($1 = 0.9389 euros)

(Reporting by Elisa Anzolin; Editing by Keith Weir)


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