Golden Goose: The Luxury Sneaker Brand Making a Splash in Fashion World
Luxury sneaker brand Golden Goose is making waves in the fashion world with its unique approach to footwear. The Italian company has gained popularity among A-list celebrities like Taylor Swift and Chris Hemsworth for its scuffed up sneakers featuring a “vintage finish.” Despite the worn-in look, these sneakers come with a hefty price tag, ranging from $500 to $900 per pair, with limited-edition styles fetching thousands.
Golden Goose’s unconventional approach to design hasn’t hindered its success. In fact, the company is set to announce plans to go public in Milan at a valuation of over $3 billion, as reported by Bloomberg. In 2023, Golden Goose reported a net revenue of approximately $634 million, marking an 18% growth from the previous year. The brand’s expansion includes the opening of 21 new stores globally, driving growth through direct-to-consumer sales.
Founded in 2000, Golden Goose introduced its distressed sneakers in 2007, capturing the attention of fashion enthusiasts seeking a unique style. The brand’s success has been further bolstered by the trend of street style becoming increasingly popular. Private equity firm Permira Funds acquired Golden Goose in 2020, further solidifying its position in the market.
Golden Goose CEO Silvio Campara expressed optimism about the brand’s future, stating, “No matter how old you are, you are always wearing your Levi’s or your Ray-Bans. So this is where we are hoping to land.” With the expectation of Golden Goose’s stock trading in Italy before July, the brand’s journey to the public market is set to be a significant milestone in its success story.
