Sequoia China Acquires Golden Goose, Expected to Become the Most Important Acquisition Case This Year

Sequoia China has acquired a majority stake in Golden Goose, while Temasek has purchased a minority stake in the company through its Pavilion Capital fund. Original shareholders such as Permira and The Carlyle Group will retain minority stakes. This acquisition values Golden Goose at ten times its expected year-end core earnings (including debt), making it the most significant luxury goods acquisition of the year. Its value is expected to be double that of the transaction amount for Versace's sale to Prada (€1.25 billion). According to the announcement, Golden Goose achieved a revenue of€655 million in 2024 and recorded double-digit growth in the first nine months of this year, with sales increasing by 13% year-on-year.