Italian Golden Goose set for Chinese ownership

Featured image of the article Italian Golden Goose set for Chinese ownership

A year after the French children’s clothing brand Bonpoint was acquired by Chinese group Youngor, Italian luxury brand Golden Goose is next. British fund Permira (already owner of Hugo Boss and Valentino) is in advanced negotiations to sell a 83% stake in the Italian luxury brand to HongShan Capital Group (HSG), shareholder in Shein, Alibaba, JD.com, Pinduoduo, Bytedance and Ami Paris. Valued at €2.5 billion, this deal is expected to close before year-end. HSG plans to expand the 180-store netw

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