Permira Sells Golden Goose to China’s HSG in €2.5bn Deal

Chinese investor acquires Golden Goose - RetailDetail EU

The Chinese HSG Group is acquiring a majority stake in Italian sneaker label Golden Goose. This is one of the largest investments ever made by a Chinese company in a European luxury brand.

Permira sells Golden Goose to China’s HSG in €2.5bn deal

Private equity firm Permira has agreed to sell Italian luxury leisure footwear brand Golden Goose to Chinese investment group HSG in a transaction valuing the business at just over €2.5bn, according to a report by Bloomberg. Under the terms of the deal, Singapore-based investor Temasek will acquire a minority stake in Golden Goose, while Permira will also retain a minority shareholding. Financial terms and ownership breakdowns were not disclosed…

GOLDEN GOOSE WELCOMES HSG AS MAJORITY INVESTOR AND TEMASEK AS MINORITY SHAREHOLDER

The news comes following a period of double-digit growth for the company. The post GOLDEN GOOSE WELCOMES HSG AS MAJORITY INVESTOR AND TEMASEK AS MINORITY SHAREHOLDER appeared first on MR Magazine.