Blue Pool, a Hong Kong-based investment firm backed by Alibaba co-founder Joe Tsai, has acquired a 12% stake in Golden Goose, the renowned Italian luxury sneaker brand. This investment comes after Golden Goose postponed its IPO last year due to market volatility.
Golden Goose emphasized Blue Pool’s deep expertise in consumer markets, particularly in Asia, as a crucial asset for its global expansion strategy. Private equity firm Permira remains the majority shareholder, while Blue Pool CEO Oliver Weisberg is set to join the company’s board.
The deal was negotiated shortly after the IPO delay and finalized on Tuesday. Financial terms of the transaction were not disclosed.
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