{"id":40955,"date":"2025-09-03T13:50:12","date_gmt":"2025-09-03T13:50:12","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/40955\/"},"modified":"2025-09-03T13:50:12","modified_gmt":"2025-09-03T13:50:12","slug":"golden-goose-reports-strong-h1-growth-expands-retail-network","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/40955\/","title":{"rendered":"Golden Goose Reports Strong H1 Growth, Expands Retail Network"},"content":{"rendered":"

\n\t\u00a0MILAN \u2013<\/strong> Golden Goose<\/a> sneakers continue to sprint ahead.<\/p>\n

\n\tAn acceleration in the second quarter and a robust performance across all channels and geographies helped the Italian brand, best known for its successful Super<\/a>\u2013<\/a>star sneakers <\/a>and intentionally distressed styles, report a strong set of results for the first half of the year.<\/p>\n

\n\tIn the six months ended June 30, group revenues rose 13 percent to 342.1 million euros compared with 307.3 million euros in the same period last year.<\/p>\n

\n\tIn the second quarter, sales rose 14 percent, compared with growth of 12 percent in the first quarter.<\/p>\n

\n\tDirect-to-consumer revenues climbed 19 percent to 270 million euros, compared with 226.8 million euros last year, and representing 77 percent of the total, in alignment with the company\u2019s strategy to expand that channel of distribution. DTC sales grew 26 percent year-on-year in the Europe, Middle East <\/a>and Africa region, 15 percent in the Americas and 14 percent \u00a0in the Asia Pacific area.<\/p>\n

\n\tAdjusted earnings before interest, taxes, depreciation and amortization were up 3 percent to 113 million euros, representing a margin of 33 percent on sales. This compares with 109.2 million euros in the first half of 2024.<\/p>\n

\n\tPercentage changes were provided at constant currency.<\/p>\n

\n\t\u201cAgainst a difficult macroeconomic context, our resilient performance in the first half of 2025 reflects the continued global resonance of the Golden Goose<\/a> brand among its communities,\u201d stated Silvio Campara, chief executive officer.<\/p>\n

\n\tBy geographic markets, the Europe, Middle East and Africa region reported an 18 percent growth; the U.S. were up 8 percent, and the Asia Pacific area registered a 9 percent increase in sales.<\/p>\n

\n\tCampara touted the gains in these markets and the expansion of the Golden Goose<\/a> network of stores with the opening of 10 \u201cinnovative retail concepts in key strategic cultural and lifestyle hubs, from Venice to Manila. These results confirm the power of the Golden Goose brand, the strength of our DTC and innovation-led strategy and the co-creation which keeps on reaching new heights.\u201d<\/p>\n

\n\tRetail Expansion and New Store Concepts <\/strong><\/p>\n

\n\tAs of June 30, the brand\u2019s retail footprint comprised 225 directly operated stores.<\/p>\n

\n\tAmong others, in the period new stores opened in Hyundai Jungdong department store in South Korea; at the Paragon shopping center in Singapore; in Manila, Ibiza, and at the Venice Airport. A standalone store focusing on kidswear opened in Dubai.<\/p>\n

\n\tA new store concept, the Golden \u201cPescheria,\u201d a seasonal pop-up inspired by Mediterranean fishing towns, debuted in luxury<\/a> beach resort town Forte dei Marmi, Tuscany, last June. It expanded to other holiday destinations, such as the Hamptons.<\/p>\n

\t\t\t\t\t\t\"\"<\/p>\n

\t\t\t\t\tThe Golden Pescheria in Forte dei Marmi<\/p>\n

\n\tGolden Goose opened its third Forward concept store in the U.S. at the NorthPark shopping center in Dallas in June. The Forward concept hinges on the brand\u2019s efforts around product preservation and reinvention as the company works to reduce its environmental impact, offering repair and remake services not only of its own signature sneakers, but also of products from any label. The 5,900-square-foot location followed the opening of the SoHo, NYC Forward store in 2022 and the Miami Design District location in 2023.<\/p>\n

\n\tThe company also launched a new experiential store concept in New York\u2019s Meatpacking District, also focused on co-creation, the brand\u2019s fourth physical retail space in the city, with other stores located in SoHo, the Upper East Side and a shop-in-shop inside Bloomingdale\u2019s 59th Street flagship. The new concept features the Con Amore Corner, which provides personalized gift-wrapping options as well as coffee, sweet treats and fresh flowers.<\/p>\n

\n\t\u201cAs always, I want to thank our passionate and loyal communities around the world, as well as our Golden Family, whose dedication and creativity bring our vision to life every day,\u201d Campara concluded.<\/p>\n

\n\tAs of June 30, the cash position amounted to 126 million euros.<\/p>\n

\n\tCertifications and Cultural Events<\/strong><\/p>\n

\n\tIn July, Golden Goose achieved the Gender Equality European & International Standard Certification, underscoring the company\u2019s ongoing commitment to inclusion, equity, and responsible workplace practices. This followed the Top Employer 2025 certification the company received in January, marking the fourth consecutive year in Italy, the third year in the United States, the second year in China, and the first time in South Korea.<\/p>\n

\n\tThe brand continued to develop its connection to art and culture. In May, kicking off the Venice Biennale of Architecture 2025, it launched \u201cAltered States\u201d at its Haus headquarters in Marghera , Italy, the industrial port of the lagoon city where the company was founded. Curated by J\u00e9r\u00f4me Sans, the immersive installation by artist Marco Brambilla transformed the space through a multi-sensory experience blending film, sound, and technology.<\/p>\n

\t\t\t\t\t\t\"\"<\/p>\n

\t\t\t\t\tMarco Brambilla\u2019s immersive installation at the Golden Goose Haus<\/p>\n

\n\tAt the end of April, the company was awarded the Premio Festa di San Marco by the City of Venice in recognition of Golden Goose\u2019s contributions to the Italian city.<\/p>\n

\n\tBrand Ambassadors and Campaigns <\/strong><\/p>\n

\n\tFurther strengthening its connection with sports, Golden Goose expanded its pool of brand ambassadors by signing tennis champs Jasmine Paolini and Zizou Bergs, and padel aces Marta Ortega and Juan Lebr\u00f3n.<\/p>\n

\n\tThe brand celebrated its signature Super-Star sneaker<\/a>, which marks its 25th anniversary this year, with a campaign fronted by\u00a0Academy Award-winning actor and activist Jane Fonda and Paolini. Two-time Olympic gold medalist for skateboarding Keegan Palmer<\/strong><\/a>; Italy\u2019s Paralympic athlete Alessandro Ossola; American restaurateur and entrepreneur Joe Bastianich, and fashion stylist Cristina Ehrlich joined Fonda in the campaign.<\/p>\n

\n\tIn the Asia Pacific region, Golden Goose launched two special limited editions of the Super-Star designed by global brand ambassador Jackson Yee.<\/p>\n

\t\t\t\t\t\t\"\"<\/p>\n

\t\t\t\t\tJackson Yee wearing Golden Goose<\/p>\n

\n\tInvestors\u2019 Support <\/strong><\/p>\n

\n\tAs reported, <\/a>at the end of January,\u00a0Blue Pool Capital, a Hong Kong-based investment firm and family office, acquired a 12 percent stake in Golden Goose. The Hong Kong-based family office was set up by Joe Tsai, cofounder and chairman of the Alibaba Group. Funds advised by\u00a0Permira\u00a0<\/strong><\/a>\u00a0retained a majority investment.<\/p>\n

\n\tPermira acquired a majority stake in the brand in 2020 to accelerate its growth through direct-to-consumer channels, in particular online and retail, and diversify its product assortment.<\/p>\n

\n\tThe sale to Blue Pool Capital was a new development after Golden Goose delayed its initial public offering in June 2024 at the 11th hour due to European market volatility. Campara has told WWD that \u00a0\u201cthe process never finished for us, we continue to create value aligned with our investors, and when there will be the right market conditions, it will be an option that we will consider.\u201d<\/p>\n

\n\tIn May, Golden Goose said it planned to sell 480 million euros of senior secured floating-rate notes expected to mature in 2031 to refinance its debt due in 2027.
\u00a0
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