Luxury, Permira values ​​the sale of the Golden Goose shoe factory for more than 2.5 billion euros

Permira evaluates the sale of Golden Goose Shoe Factory. According to Bloomberg, the private equity firm is exploring various options, including a possible sale. at what cost? More than 2.5 billion euros for the maker of luxury sneakers1.2 billion more than what Permira had put on its plate to acquire the company in 2020.

sale or IPO

The option is not discarded by priority. According to sources close to the dossier, Permira, in fact, It will also evaluate a possible IPO

From the favorite shoe brand of singers Selena Gomez and Taylor Swift. Founded in 2000 in Venice, Golden Goose is considered the “rabbit” of luxury: in less than twenty years it has gone from a core business of handcrafted sneakers to a total, and the brand is now sold in Europe, the United States and Asia. is present. , as well as boast of a rapidly growing online presence. The company has a turnover of approximately 500 million euros and earnings before interest, taxes, depreciation and amortization of 150 million euros.

Paramira is going out after 3 years

The sale could happen in the second half of the year, said sources cited by Bloomberg. However, the talks are still on and there is no certainty that Paramira will exit its investment in the company. The Carlyle Group acquired Golden Goose from Eragon Capital Partners in 2017, which kickstarted its expansion into the United States and China. Three years later, Permira paid about 1.3 billion euros for control of the company. in which Carlyle retained a minority interest. Spokespeople for Permira and Carlyle declined to comment on the indiscretions reported by Bloomberg. For now, the luxury sector remains down-to-earth. In Piazza Affari, another luxury shoe brand Tod’s fell 0.52% to 37.98 euros and Ferragamo fell 0.20% to 15 euros. (All rights reserved)