Demand for Golden Goose's dirtied trainers continues to grow

Golden Goose Group, the luxury brand that has managed to get fashion insiders to covet dirtied and distressed trainers, has revealed a "strong performance" during FY 2023, ending 31 December 2023.

FY 2023 financial highlights are as follows:

• Net revenues were up by 18% to €587 million
• Adjusted EBITDA was up by 19% to €200 million
• Growth across all regions, driven by the development of the DTC channel
• Golden Goose opened 21 new stores, with a total store network of 191 at the end of 2023

Silvio Campara, Chief Executive Officer of Golden Goose Group, commented: "Our strong performance in 2023 – growing double digits against a challenging macroeconomic backdrop – once again demonstrates the power of our brand and the value of our people who are essential to building our long-term and sustainable vision. Consumers are looking to connect with more than just a luxury product, they want a business that reflects their values and to be part of a community.

"At Golden, we are pursuing a unique strategy, expanding our Co-Creation experiences and repairing products from any brand, as we celebrate everyone’s story and uniqueness."

This follows November 2023's news that the company took the next step toward listing an IPO in Milan by naming Bank of America, JPMorgan and Mediobanca as joint global coordinators.

The public listing of the private equity group’s Italian luxury sports shoe brand could come as soon as the first half of this year, according to five sources.