HSG completes the acquisition of Golden Goose, ushering in a new phase of growth
Temasek becomes a minority shareholder; Silvio Campara confirmed as CEO; Marco Bizzarri becomes non-executive chairman of the ‘luxury hare’
With the recently announced closing, the transaction centred on Golden Goose, the ‘luxury hare’, has been finalised and completed. Or rather, the ‘luxury marathon runner’: the company, which rose to fame for its handcrafted trainers and is now a total-look and lifestyle brand, has seen its revenue rise from 266 million in the 2020 financial year to 734 million in the 2025 financial year and in the first quarter of this year, bucking the trend in the fashion sector and compared to most high-end brands, revenue rose a further 10 per cent to 173.2 million, driven by strong performance across all geographical regions.
Shareholding structure
HSG, a leading international venture capital and private equity firm, has completed the acquisition of a majority stake in Golden Goose, and all conditions for the completion of the transaction have been met, including the obtaining of the necessary regulatory approvals. Temasek, a global investment firm, and True Light Capital, an asset manager wholly owned by Temasek, have completed their investment as minority shareholders. Permira will remain a strategic minority shareholder. “The investments by HSG and Temasek are based on a strong strategic and cultural alignment and represent a new milestone in Golden Goose’s global growth journey,” the official statement reads.
Trust in senior management
Silvio Campara will continue to lead Golden Goose as chief executive, alongside the current leadership team. Marco Bizzarri, a non-executive member of the board of directors since April 2024, takes on the role of non-executive chairman. Drawing on his extensive experience in the sector and his track record at the helm of global luxury brands such as Gucci, Bottega Veneta and Kering, Bizzarri will play a central role in the development of Golden Goose’s global platform and in driving forward its innovation strategy. “Today marks the start of an exciting new chapter for Golden Goose. We are delighted that HSG and Temasek are officially joining us on this journey as strategic partners,” commented Campara. “We look forward to benefiting from their extensive experience in the international development of luxury brands and in accelerating innovation, as we strengthen our global ambitions and bring Golden Goose to more and more Dreamers around the world. This investment is further confirmation of the strength of our model and the global resonance of our brand, and will help us to further develop Golden Goose’s potential as a leading next-generation luxury brand.”
HSG’s vision and Permira’s
“Golden Goose is a one-of-a-kind luxury brand: its Italian heritage, pioneering business model and authentic tone of voice enable it to forge connections with an ever-growing and deeply passionate global community,” emphasised Jiajia Zou, a partner at Hsg. “We are delighted to be working alongside Silvio and his talented team, together with Temasek and Permira, to seize new growth opportunities, whilst building on what has made the brand such a success to date,” Francesco Pascalizi and Tara Alhadeff, partners at Permira, added: “What Silvio and his extraordinary team have achieved over the last six years is truly remarkable. The business has grown to 735 million by 2025; the team has accelerated the brand’s DTC (direct-to-consumer) model, transforming it into a powerful growth engine, and has expanded the retail network to 232 stores across EMEA, the Americas and APAC. Golden Goose has transformed established models within the luxury industry and, in doing so, has forged an authentic connection with customers worldwide. “We are delighted to continue supporting and working alongside the brand, together with HSG and Temasek, as Golden Goose enters this new chapter with great momentum.”
