HSG has agreed to acquire a majority stake in Italian luxury footwear brand Golden Goose from private equity owner Permira, with global investment company Temasek taking a minority position alongside the transaction. Sources familiar with the deal indicated the business was valued at approximately €2.5 billion, nearly doubling its valuation since Permira acquired the company in 2020 for less than €1.3 billion.
Permira will retain a minority stake following the transaction. Golden Goose said the new investment is intended to support its international expansion strategy while maintaining its Italian artisanal heritage. The company will continue to be led by CEO Silvio Campara and the existing management team.
Campara said the partnership with HSG and Temasek reflects confidence in Golden Goose’s positioning at the intersection of luxury, lifestyle, and sportswear, and is expected to support the brand’s global growth ambitions through the investors’ experience scaling international luxury businesses. The transaction remains subject to customary regulatory approvals and is expected to close in summer 2026.
Source: Drapers
