Golden Goose: Hsg to become majoriry sharehodelder, Temasek to acquiry minority stake

HSG will acquire a majority stake in Golden Goose, while Temasek will enter the share capital with a minority stake, the fashion group said. Funds managed by Permira have partially realized their investment and will remain as strategic minority shareholders in the company.  

The transaction is aimed at supporting Golden Goose’s international expansion while preserving its Italian roots. The Group will continue to be led by Silvio Campara )PHPTP CREDIT: GIOVANNI GASTEL) as Chief Executive Officer. Marco Bizzarri, currently Non-Executive Director, will assume the role of Non-Executive Chairman.  

Golden Goose operates at the intersection of luxury, lifestyle, and sportswear and has recorded strong growth in recent years, with revenues increasing from EUR 266 million in 2020 to EUR 655 million in 2024. In the first nine months of 2025, the Group reported a 13% year-on-year increase in revenues, driven by 21% growth in the direct-to-consumer channel and the expansion of its retail network, which now includes 227 directly operated stores worldwide.

"We are pleased to welcome HSG and Temasek as strategic partners to further strengthen our ambitions for global growth as a next-generation luxury brand", said Silvio Campara. "Their investment confirms the strength of our business model and will support us in capturing new opportunities, while continuing to invest in the Made in Italy identity and craftsmanship that define Golden Goose".  

"Golden Goose represents a distinctive example of contemporary luxury built on authenticity, community, and creativity", said Jiajia Zou, Partner at HSG, highlighting the intention to support the Group’s next phase of international growth.  

Financial terms of the transaction were not disclosed. Completion is subject to customary closing conditions and regulatory approvals, with the expectation that closing will occur by summer 2026.