- HSG becomes majority shareholder, joined by Temasek as a minority investor, with Permira remaining a strategic shareholder
- Investment will accelerate Golden Goose’s international expansion while preserving its Italian artisanal roots
- Golden Goose will continue to be led by Silvio Campara, CEO, with Marco Bizzarri becoming Non-Executive Chairman, effective today
Milan – June 24, 2026 Golden Goose Group S.p.A. (the "Company", jointly with its subsidiaries, the "Group"), a leading brand of luxury sneakers, apparel and accessories, today announces that HSG, a leading international venture capital and private equity firm, has completed its acquisition of a majority stake in the Company.
All conditions for the completion of the transaction have been fulfilled, including the receipt of required regulatory approvals.
Temasek, a global investment company, and True Light Capital, an asset manager wholly-owned by Temasek, have completed their investment as minority shareholders. Permira will remain committed as a strategic minority shareholder.
The investments by HSG and Temasek are underpinned by a strong strategic and cultural fit and mark a new milestone in Golden Goose’s global growth journey. Golden Goose has delivered consistent, resilient and profitable growth, with revenues increasing from €266 million in FY 2020 to €734 million in FY 2025. Most recently, the Group has seen significant momentum with Q1 revenues growing 10% year on year to €173.2 million with strong growth across regions. Leveraging HSG and Temasek’s global reach, and complementary track records scaling leading consumer brands and innovations, the Group will continue to accelerate its international expansion and innovation platform, strengthen its distinctive Direct-to-Consumer model and its globally resonant brand at the intersection of luxury, lifestyle and sportswear, while preserving and continuing to invest in Golden Goose’s Made in Italy roots.
Silvio Campara will continue to lead Golden Goose as Chief Executive Officer, alongside the existing leadership team. Marco Bizzarri, previously a Non-Executive Director on the board since April 2024, will become Non-Executive Chairman, effective today. Building on his extensive industry expertise, having led globally renowned luxury leaders including Gucci, Bottega Veneta and Kering, Marco will play an integral role as Golden Goose continues to build its global platform and advances its innovation strategy.
Silvio Campara, Chief Executive Officer of Golden Goose, said: “Today marks the beginning of an exciting new chapter for Golden Goose. We are thrilled that HSG and Temasek are officially joining us as strategic partners. We look forward to benefitting from their vast experience of scaling international brands across luxury and accelerating innovation as we step up our global ambitions and bring Golden Goose to more Dreamers around the world. This investment is yet another endorsement of our unique model and the global resonance of our brand and will help us unleash Golden Goose’s full potential as a leading Next Gen luxury brand.”
Jiajia Zou, Partner at HSG, said: “Golden Goose is a truly one-of-a-kind luxury brand – its Italian heritage, pioneering model and authentic voice connect with a growing and passionate community around the world. We are pleased to be partnering with Silvio and his talented team, as well as Temasek and Permira to unlock new opportunities for growth, while honouring what has made the brand so successful to date.”
Francesco Pascalizi and Tara Alhadeff, Partners at Permira, commented: “Looking back over the past six years, what Silvio and his exceptional team have achieved is remarkable. The business has grown from €266 million in revenues in 2020 to €734 million in 2025, they’ve accelerated the brand’s DTC model into a powerful engine of growth, and expanded its store network to 232 across EMEA, the US and APAC. Golden Goose has disrupted established models in the luxury industry and in the process built a real connection with customers worldwide. We look forward to continuing championing and partnering with the brand alongside HSG and Temasek as Golden Goose enters this new chapter with powerful momentum.”
Financial terms of the transaction were not disclosed. J.P. Morgan acted as lead financial advisor, and Bank of America as financial advisor to Permira. Giliberti Triscornia e Associati acted as legal advisor, and Maisto & Associati as tax advisors to Permira. EY conducted Permira’s financial due diligence. CEO Silvio Campara and the management team were assisted by Gatti Pavesi Bianchi Ludovici, with a team led by Equity Partner Andrea Giardino and Partner Filippo Sola, and Ropes & Gray. Consortium advisors included Rothschild & Co, Latham & Watkins, KPMG, and PwC.
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed or implied in such statements.
