# Golden Goose’s net revenues up 12% in first quarter
Author:  Pal Sinha,Barnali
Author URL: https://economystandard.com/author/pal-sinha-barnali/
Published: 2024-04-23
Category: Headlines
Category URL: https://economystandard.com/category/headlines/
Meta Title: Golden Goose Q1 Net Revenues Up 12% at Constant Exchange ...
Meta Description: Italy's luxury sneaker maker, Golden Goose, saw a 12% rise in net revenues in Q1 with strong margins. Get the latest updates on their possible IPO in Mi...
URL: https://economystandard.com/golden-gooses-net-revenues-up-12-in-first-quarter/

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## 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)


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