Carlyle'S Acquisition Of Golden Goose Deluxe Brand Full Stake

According to the world clothing shoes and hat network, the United States private investment giant Carlyle Group announced the acquisition of Italy light luxury

Golden Goose Deluxe Brand (Chinese plations of "golden goose") all shares.

Recently, Carlyle Group said it had signed an agreement with Ergon Capital Partners, the largest shareholder of Golden Goose, an investment company.

In May 2015, Ergon Capital Partners II, an investment company specializing in medium sized enterprises, acquired GGDB 75% stake from the DGPA SGR of Italy private equity fund at a price of about 8000 million, and the brand co founder Alessandro Gallo and Francesca Gallo maintained surplus shares.

The financial terms of the paction were not disclosed.

The deal is implemented by Carlyle Group's Carlyle Europe Partners IV, which is focused on the European middle and advanced market, and is expected to be completed by the end of March this year.

Golden Goose is Carlyle Group in Europe.

And the fourth major investments in the garment industry, the first three investments were Moncler, TwinSet Simona Barbieri and Hunkemoller.

Golden Goose was founded in 2000. The main feature of the brand is to make the fashionable shoes of the old style.

It is decorated with brand logo Pentagram and is popular among people in the world.

Product classification includes garments, shoes and accessories.

At present, Golden Goose has sales revenue of about 100 million euros, operating profit of 32 million euros, and 60% of its sales from the international market. It has been sold in 750 Global Multi brand stores and 8 flagship stores, including 250 in Italy.

The US market contributed 10 million euros in sales revenue, the fastest growing market for brands.

Roberta Benaglia expects us sales revenue to reach 15 million euro in fiscal year 2017, and 30 million euros in three years.

Marco De Benedetti, managing director of Carlyle Europe Partners, said: "we appreciate the unique brand image of Golden Goose." Golden Goose has an efficient business mode and undisputed innovation capability. The future group will join hands with Golden to build it into a new luxury sports shoes brand.

We look forward to supporting Golden Goose through strategic investment to develop brand potential, especially in the US and Asian markets, to accelerate global retail and online sales.

Ergon Capital Advisors executive partner Emanuele Lembo added: "this deal is fully consistent with Ergon's investment philosophy and way.

Over the past two years, with the support of Ergon, sales of Golden Goose have increased rapidly through the expansion of retail channels.

I believe Golden Goose will become better and better. Carlyle Group will also be the perfect partner for Ergon's next growth phase.

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