Italian luxury fashion brand Golden Goose has reached an agreement that will result in Hong Kong investment firm HSG becoming its majority shareholder.
Temasek is set to acquire a minority interest, while existing investor Permira will retain a strategic minority stake.
Financial details of the transaction have not been made public.
Completion is subject to standard closing conditions and regulatory clearances, with the deal expected to finalise in summer 2026.
The company said the new investment is aimed at accelerating its international expansion plans while preserving its “Made in Italy” production base.
Chief executive officer Silvio Campara will remain at the helm of the business, supported by the current management team.
Board member Marco Bizzarri is to take on the role of non-executive chairman.
Golden Goose CEO Silvio Campara said: “We are delighted to welcome HSG and Temasek as strategic partners to Golden Goose as we step up our global ambitions as a leading international luxury brand. Their investment is yet another vote of confidence in the success of our model at the intersection of luxury, lifestyle, and sportswear, beloved by a growing, global community of Dreamers.”
Golden Goose reported revenues of €655m ($768.52m) for the 2024 financial year, compared with €266m in 2020.
For the nine months to the end of September 2025, revenue rose 13% year-on-year, driven by 21% growth in direct-to-consumer sales and an enlarged directly operated retail network of 227 stores, up from 97 in 2019.
The capital injection is intended to support Golden Goose’s international growth strategy alongside continued investment in its Italian operations.
HSG partner Jiajia Zou added: “Golden Goose stands for love, empathy, authenticity and a powerful sense of community in today’s luxury landscape. We feel deeply privileged to partner with Temasek and Permira, together with Silvio and his talented team to support the brand as it enters its next exciting chapter of growth – especially internationally – while preserving and celebrating what makes Golden Goose so uniquely Italian.”
Earlier this year, Hong Kong-based investment company Blue Pool Capital secured a 12% stake in Golden Goose.
The transaction was negotiated and agreed shortly after Golden Goose decided to postpone its initial public offering and was closed on 28 January 2025.
