Consumer
HSG Closes In on Deal to Buy Sneaker Maker Golden Goose
A pair of Swarovski jewel-encrusted sneakers at a Golden Goose SpA store.
Photographer: Jason Alden/BloombergHSG, formerly known as Sequoia Capital China, is nearing a deal to buy premium sneaker maker Golden Goose in a transaction valuing the Italian company at more than €2.5 billion ($2.9 billion), according to people familiar with the matter.
The talks between HSG and Permira, the private equity owner of Golden Goose, could conclude as soon as the end of this year, the people said, asking not to be identified because the information is private.