Golden Goose welcomes HSG majority stake and Temasek minority backing after 13% revenue rise

Golden Goose welcomes HSG majority stake and Temasek minority backing after 13% revenue rise Golden Goose welcomes HSG majority stake and Temasek minority backing after 13% revenue rise

Golden Goose Group has announced that investment firm HSG will acquire a majority stake in the company, with Temasek coming in as a minority shareholder, while Permira remains on board as a strategic minority investor. The new backing arrives after a period of strong growth for Golden Goose, which continues to position itself as a next-generation luxury brand rooted in Italy.

New majority and minority investors

Under the new structure, HSG, described as a leading international venture capital and private equity firm, will hold a majority stake in Golden Goose Group. Temasek, the global investment company based in Singapore, will join as a minority shareholder, expanding the brand’s base of long-term institutional investors.

Permira, which first invested in Golden Goose in 2020, will remain a strategic minority shareholder, continuing a partnership that has supported the brand’s global expansion over the past few years. The parties present the deal as built on a “strong strategic and cultural fit,” particularly in terms of experience in luxury and consumer brands.

Strategic fit with luxury investment track records

The announcement highlights HSG and Temasek’s track records in backing international luxury and consumer technology names such as Moncler, Ermenegildo Zegna Group, and Pop Mart. This experience is expected to support Golden Goose as it pursues its ambitions as a “leading next-generation luxury brand.”

Both investors are described as committed to preserving and further investing in Golden Goose’s “Made in Italy” roots, signalling continued focus on Italian craftsmanship as the company scales globally. The combination of sector expertise and international networks is positioned as a key lever for the brand’s next phase of development.

Growth momentum and financial performance

The deal comes during a period of strong performance for Golden Goose Group. For the nine months ended September 2025, the company reported double-digit growth across regions, with revenues rising by 13%.

Growth was particularly strong in the direct-to-consumer channel, where revenues increased by 21%, supported by an expanding retail footprint. The Group’s network of directly operated stores reached 227 locations, up from 97 in 2019, reflecting a significant build-out of branded retail over the past few years.

Leadership continuity and the new chairman

Leadership continuity is central to the new chapter. Silvio Campara will continue to lead the company as Chief Executive Officer of Golden Goose, working alongside the existing leadership team.

On the board side, Marco Bizzarri, currently a Non-Executive Director at Golden Goose, will become Non-Executive Chairman. The company notes his extensive industry experience from previous leadership roles at luxury houses, including Gucci, Bottega Veneta, and Kering, positioning him as a key figure in accelerating Golden Goose’s global expansion.

CEO perspective on new partners

In the announcement, Silvio Campara, Chief Executive Officer of Golden Goose, said: “We are delighted to welcome HSG and Temasek as strategic partners to Golden Goose as we step up our global ambitions as a leading international luxury brand.” He added that their backing is “yet another vote of confidence” in the brand’s model at the intersection of luxury, lifestyle and sportswear, and its growing community of “Dreamers.”

Silvio Campara also said, “With their experience of scaling international leaders across luxury and the broader business spectrum, HSG and Temasek will help us unlock the vast opportunity ahead for Golden Goose. We are grateful to Permira for being integral partners to our successful journey so far and are delighted they will remain valued partners alongside HSG and Temasek.”

Positioning for the next phase of growth

With a new majority owner, fresh minority capital, and an experienced Non-Executive Chairman, Golden Goose Group is positioning itself for an accelerated phase of international growth. The focus on maintaining “Made in Italy” roots while expanding its global direct-to-consumer presence suggests the brand will continue to lean into its blend of craftsmanship and lifestyle positioning.

As the investor group of HSG, Temasek, and Permira supports this strategy, Golden Goose is set to pursue its next stage as a scaled luxury player with strengthened governance and capital structure.

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Aashir Ashfaq