Golden Goose Reports 15% Increase in First-Half Sales
Golden Goose reported a 15% increase in revenues for the first half of the year, reaching €380.4 million compared to €342.1 million during the same period last year. The growth was driven by strong performance across all regions and an accelerated direct-to-consumer (DTC) channel, which accounted for 81% of total sales with a 22% increase in revenue. Adjusted EBITDA rose 9% to €122.9 million, maintaining a margin of 32.3%. The company also announced the completion of an investment deal in June where HSG became its majority shareholder, while Temasek and True Light Capital joined as minority investors. Marco Bizzarri was appointed non-executive chairman. Wholesale revenues declined by 6% for the first half but grew 5% in Q2 due to a selective strategy. Sales increased across all regions: Americas up 18%, EMEA up 14%, and Asia Pacific up 17%. The company expanded its store network, opening new locations in Athens, Rome, Istanbul, and Milan.
Topics: direct-to-consumer strategy revenue growth shareholding changes