These $500 dirty shoes can be worth billions of dollars.
According to Bloomberg News, private equity firm Carlyle Group LP is considering selling Golden Goose, a high-end fashion brand it acquired in 2017. The sneakers on the sneakers look dirty.
Italian luxury brands known for sneakers such as Taylor Swift and Selena Gomez may exceed $1 billion. According to reports, Carlyle has invested in luxury brands such as ski jacket manufacturer Moncler, and has allegedly hired Bank of America as a financial advisor. Golden Goose May Sneakers, Bank of America and Carlyle did not immediately return to FOX Business’s request for comment.
Despite all the high-profile propaganda, some celebrity fashion designers refused to let their customers own a pair.
“If you pay me, I won’t let you buy it. You can look like a nonsense yourself.” New York-based fashion consultant Amanda Sanders told FOX Business. “They look like dirty sneakers. People of moderate age can’t afford it, and 30- and 40-year-olds are not like luxury for me.”
In the past, the brand has been criticized as saying that the brand seems to “ridicule poverty”.
Despite the rebound, wealthy shoppers still spend their money on worn-out shoes. Nordstrom sold a pair of $530 Golden Goose, which appeared to have stains and tape to stick them together. The site describes “bad leather sneakers” as “creased, tape that binds them together.”
Saunders said that the quality of these shoes is almost worthless.
“It’s not that they are super comfortable or have extra fillers inside. Nothing special. If I want to spend $700, I hope it looks like it.”
People in the market have different feelings, a market that is enough for competitive designers to adopt this style: Gucci released a pair of sports shoes that look like stains, priced at $ 870, and Steve Steve Madden sold the worn-out sneakers. The price is $178.
The best deal may be in the secondary market. One owner is reselling a pair on Poshmark for $55.