Bids line up for acquisition of Golden Goose

Worldwide
Published:  29 November, 2019
Credit: Golden Goose

VF Corp and Permira are reported to be among the bidders to acquire Italian premium sneaker brand, Golden Goose.

U.S. headquartered footwear and lifestyle Group VF Corp and UK based Permira Funds, owners of British footwear brand Dr Martens, could be the potential owners of Golden Goose, whose deadline for bids has been set in mid-December. Currently owned by Carlyle Group, Golden Goose is said to have an estimated market value of US$1.2 billion. Its leather sneakers are sold at an average retail price of €400. According to international news organisation Reuters, both Carlyle and Permira have declined to comment on the deal.

As reported by ILM, U.S. private equity firm Carlyle Group is said to be considering making an offer to acquire UK based footwear brand Dr Martens from Permira.

Source: Reuters