# Golden Goose’s net revenues up 12% in first quarter
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2024-04-23
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Golden Goose net revenues up 12% in first quarter
Meta Description: Luxury sneaker maker Golden Goose sees 12% increase in net revenues in Q1 with strong margins. Stay tuned for a potential IPO in Milan. Direct-to-consumer
URL: https://financedigest.com/golden-gooses-net-revenues-up-12-in-first-quarterhtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2024-04-23t040252z1lynxnpek3m030rtroptp4health-coronavirus-china-luxury-scaled-1736812460192-compressed.webp)

# 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)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---