According to people familiar with the matter, Carlyle Group LP is considering selling the Italian luxury sneaker brand Golden Goose, which is owned by Selena Gomez and Taylor Swift (Taylor). Swift) is favored by celebrities.
People familiar with the matter said the private equity firm is working with Bank of America Corp. on potential deals. The company requested anonymity because the information was not made public. According to people familiar with the matter, Golden Goose is known for its retro-style footwear, with the brand’s iconic star on the side, which may cost more than 1 billion euros ($1.1 billion).
The sneakers produced by cheap golden goose , founded in 2000 by the Venetian designers Francesca Rinaldo and Alessandro Gallo, cost €400 each. People familiar with the matter said that its annual earnings before interest, taxes, depreciation and amortization were about 80 million euros.
People familiar with the matter said that the review is still in its infancy and is not certain to lead to transactions. Representatives of Carlyle and Bank of America declined to comment.
Informed sources said at the time that the Carlyle Group acquired Golden Goose from Ergon Capital Partners SA in 2017. The deal made the company worth about 400 million euros.