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Golden Goose postpones planned IPO, citing "deterioration" in European markets

Published 06/19/2024, 05:05 AM
© Reuters

Investing.com -- Italian high-end sportswear brand Golden Goose has postponed its planned initial public offering in Milan, citing a "significant deterioration" in market conditions following European elections earlier this month and an upcoming snap election in France.

The group, which is owned by British private equity firm Permira, added that these trends had impacted the luxury sector in particular.

Golden Goose, known for its sneakers worn by celebrities like Taylor Swift, was due to price its IPO this week. It is aiming to raise about 600 million euros at a 1.86 billion euro valuation. The company noted that it would look into reviving the IPO "in due course."

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