# Golden Goose’s net revenues up 12% in first quarter
Published: 2024-04-23
Category: Headlines
Category URL: https://business.express/category/headlines/
Meta Title: Golden Goose Reports 12% Rise in Net Revenues
Meta Description: Discover how Golden Goose, the luxury sneaker maker, reported a 12% rise in net revenues and a 20% growth in direct-to-consumer sales in the first quarter.
URL: https://business.express/golden-gooses-net-revenues-up-12-in-first-quarter/

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qsmfaw001wwirgq3ggueqg/images/2024-04-23t040252z1lynxnpek3m030rtroptp4health-coronavirus-china-luxury-scaled-1737027392608-compressed.webp)

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)


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---