• Qatar Investment Authority plans to invest about EUR 250M in Golden Goose alongside HSG, Temasek, and Permira shareholders.
• Golden Goose reported EUR 734 million in revenue for 2025, with direct-to-consumer sales up 21% year on year.
• Global funds continue showing appetite for Italian luxury brands, signaling confidence in premium footwear market growth.

Golden Goose

The Qatar Investment Authority (QIA), the country’s sovereign wealth fund, is preparing to acquire roughly a 10% stake in Italian luxury sneaker brand Golden Goose.

The move, reported by Corriere della Sera, would come alongside HSG, Temasek, and Permira, which retains a minority stake following its December deal with HSG.

HSG, formerly Sequoia Capital China, acquired a majority stake in Golden Goose last year in a transaction valuing the company slightly above EUR 2.5 billion.

If QIA’s investment aligns with that valuation, its 10% share would equal approximately EUR 250 million. The fund joins other global investors targeting Italian luxury assets.

Luxury Footwear

Golden Goose generated EUR 734 million in revenue in 2025. Direct-to-consumer sales grew 21% year on year, reflecting strong demand for its premium sneakers.

Adjusted EBITDA reached EUR 248.3 million, while the group continued operating 232 stores across multiple regions, maintaining a growing retail footprint.

Luxury footwear remains attractive to global funds, combining steady revenue growth with strong brand recognition in international markets.

The deal signals QIA’s ongoing interest in high-end European brands, following other investments in fashion and lifestyle sectors globally.

Golden Goose’s performance underscores a broader trend of luxury brands attracting sovereign wealth funds and large institutional investors seeking long-term returns.

Analysts say that these investments highlight confidence in the resilience of the Italian luxury market, despite global economic uncertainties and fluctuating consumer trends.