Italian Luxury Shoemaker Golden Goose Said to Weigh SaleBy and
Private equity owner Ergon Capital working with Lazard on sale
Golden Goose sale may attract buyout firms, fashion brands
Private equity firm Ergon Capital Partners is considering a sale of its Italian luxury sneaker company, Golden Goose Deluxe Brand, according to people familiar with the matter.
Ergon, backed by Groupe Bruxelles Lambert SA, is working with financial advisers at Lazard Ltd. on the potential sale, the people said, asking not to be identified because the deliberations are private. The talks are still at a preliminary stage and may draw interest from private equity firms and other fashion brands, the people said. The owners are seeking more than 400 million euros ($439 million) for the business, they said.
A representative for Lazard declined to comment. A representative for Brussels-based Ergon didn’t immediately respond to e-mailed requests for comment.
Founded in 2000 and based in Venice, Golden Goose sells sneakers with a characteristic star design that can cost more than 400 euros a pair, as well as other clothing including t-shirts, dresses, jeans and a more than 2,000-euro, gem-studded leather jacket, according to its website.
It gets more than half its revenue outside Italy, with a presence in markets such as Japan, the U.S. and Germany, according to Ergon. The private equity firm bought a majority stake from shareholders and the founding family in May 2015. Ergon was founded in 2005 and is backed by Groupe Bruxelles Lambert, a holding company which was previously run by Belgian billionaire Albert Frere.
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