Advertisement
Canada markets closed
  • S&P/TSX

    21,947.41
    +124.19 (+0.57%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CAD/USD

    0.7308
    -0.0005 (-0.07%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • Bitcoin CAD

    86,299.22
    +5,406.45 (+6.68%)
     
  • CMC Crypto 200

    1,363.29
    +86.31 (+6.76%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     
  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     
  • NASDAQ

    16,156.33
    +315.37 (+1.99%)
     
  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     
  • FTSE

    8,213.49
    +41.34 (+0.51%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

Golden Goose's net revenues up 12% in first quarter

Sneakers of Italian high fashion sneaker brand Golden Goose are hung near its sign at its store in Beijing

MILAN (Reuters) - Italy's Golden Goose said on Tuesday its net revenues rose 12% at constant exchange rates in the first quarter while maintaining "strong margins", as the luxury sneaker maker prepares for a likely initial public offering in Milan.

The group, which is majority-owned by private equity firm Permira, added that sales in the direct-to-consumer channel grew 20%.

Golden Goose, which sells sneakers with a five-point star on the side priced at around 500 euros ($532) a pair, added that it appointed former Gucci Chief Executive Marco Bizzarri as a board member.

There was no update on the timing of its likely IPO.

ADVERTISEMENT

It picked Bank of America, Mediobanca, JPMorgan and UBS as joint global coordinators for a planned listing in Milan in 2024, two sources close to the matter told Reuters in December.

($1 = 0.9389 euros)

(Reporting by Elisa Anzolin; Editing by Keith Weir)