# Golden Goose’s net revenues up 12% in first quarter
Published: 2024-04-23
Category: News
Category URL: https://internationalreleases.com/category/news/
Meta Title: Golden Goose Reports 12% Revenue Growth in Q1
Meta Description: Golden Goose announces a 12% rise in Q1 revenues and strong margins, preps for a Milan IPO, with a strategic board addition.
URL: https://internationalreleases.com/golden-gooses-net-revenues-up-12-in-first-quarter/

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## Golden Goose’s net revenues up 12% in first quarter

MILAN (Reuters) – Italy’s Golden Goose said on Tuesday its net revenues rose 12% at constant exchange rates in the first quarter while maintaining “strong margins”, as the luxury sneaker maker prepares for a likely initial public offering in Milan.

The group, which is majority-owned by private equity firm Permira, added that sales in the direct-to-consumer channel grew 20%.

Golden Goose, which sells sneakers with a five-point star on the side priced at around 500 euros ($532) a pair, added that it appointed former Gucci Chief Executive Marco Bizzarri as a board member.

There was no update on the timing of its likely IPO.

It picked Bank of America, Mediobanca, JPMorgan and UBS as joint global coordinators for a planned listing in Milan in 2024, two sources close to the matter told Reuters in December.

($1 = 0.9389 euros)

(Reporting by Elisa Anzolin; Editing by Keith Weir)


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