Golden Goose deadline approaches with multiple potential bidders
03/12/2019
Buyout funds Permira and Advent are also said to be lining up indicative offers, Reuters reported, adding that sources said PVH Corp (which owns labels such as Calvin Klein and Tommy Hilfiger) and Tapestry (which owns Coach and Kate Spade) may also decide to enter the bidding race.
Investment firm The Carlyle Group owns Golden Goose after buying it in 2017; since then the brand’s presence has grown in the US and Asia, with flagship stores in New York, Tokyo and Beijing. Under the leadership of chief executive Silvio Campara, Golden Goose has, among other things, increased its focus on leather goods.
Reuters said Carlyle wants to ensure the new investor will be able to grow the Golden Goose brand, despite the luxury industry’s current challenges posed by the US and China trade war and ongoing unrest in Hong Kong. Carlyle is said to want offers that value the shoe brand at no less than 1.2 billion euros.
Image: Golden Goose
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