Italian luxury sneaker brand Golden Goose reported a 13% increase in net revenues last year to 655 million euros ($715 million), helped by 24 new store openings. Its adjusted core profit (EBITDA) rose 14% to 227 million euros in 2024 Blue Pool, a Hong Kong-based investment firm backed by Alibaba co-founder Joe Tsai, bought a 12% stake in the Italian group in January, after the Permira-backed company abruptly pulled plans for a stock market listing last year.
During the financial year, the star-studded sneaker brand expanded its direct channel, which grew by 18% and now accounts for 77% of sales (from 74% previously). The wholesale channel achieved a net turnover of 138.3 million euros, down 4% compared to the previous year, “due to the decision to continue improving the quality of the distribution network “.
EMEA (+37% on an annual basis) and the Americas (+14%) were the best-performing markets. In the fourth quarter, the company led by Silvio Campara achieved a turnover of 188.6 million euros, up 14% compared to the same quarter in 2023.
Golden Goose
More from NEWS
BERLUTI debuts new Interiors Collection
An essential aspect of the Berluti lifestyle, furniture has been designed by the Maison since the 1960’s, when Talbinio Berluti …
Ermenegildo Zegna Group full year 2024 profit down, but company upbeat about future growth
With its full-year 2024 results, Ermenegildo Zegna Group issued 2027 guidance of revenues in the range of 2.2 billion to …
CELINE opens brand new store in Singapore at ION Orchard
CELINE has opened a new store in Singapore at ION Orchard. The boutique which covers 240 sqm. The boutique’s façade is …
