GGDB was founded in 2001 in Venice, Italy by Francesca Rinaldo and Alessandro Gallo. The name is inspired by the famous story of Aesop’s Fables, “Golden Goose”, cheap golden goose can bring good luck to the brand, and the word Deluxe also transcends the general cognition, but emphasizes through design. With the inspiration and experience of travel from all over the world, every consumer can experience the exquisite and energy of new things through the GGDB products.
GGDB has flagship stores in several cities around the world, including Venice, New York, Paris, London, Milan, Tokyo, Seoul, Beijing, Beirut, Saint-Tropez, and Amsterdam.
The first brand to upgrade sneakers from streetwear to luxury goods
GGDB is best known for those leather shoes that are deliberately worn, dirty and of good quality. They have basically become one of the most common items in the star. Designers Alessandro Gallo and Francesca Rinaldo have not been professionally trained, but the styles they have designed have their own souls. The logo of the half star is very high. Each pair of GGDBs is made by the old craftsman and stitched, and it is made of special old craftsmanship. Therefore, each pair of shoes is unique. A kind of cool feeling that is not trimmed.
In addition to shoes, GGDB also has women’s wear, men’s wear, but also a combination of simplicity, street, avant-garde and a little out. Each season, the designer presents a new work by the famous Venetian craftsman and perfectly tailored, including a complete collection of bags, belts and accessories.
With a valuation of more than 1 billion euros, GGDB will launch a new round of capital operation
In September this year, some insiders revealed that the US private equity giant Carlyle Group is entrusting Bank of America to prepare for the sale or IPO of the Italian luxury luxury shoe brand Golden Goose Deluxe Brand. .
At present, the matter is still in the early stage of discussion, and the results are still unknown. GGDB was acquired by the US private equity giant Carlyle Group in 2017. The transaction was valued at 400 million euros. It is the fourth major investment of Carlyle in the European fashion and garment industry. (Before Carlyle’s investment brands include: Italian luxury Down jacket brand Moncler, Italian fashion brand Twin Set and Dutch underwear old brand Hunkemöller).
In 2016, GGDB reported sales of approximately EUR 100 million and operating profit of approximately EUR 32 million. In 2017, after being acquired by Carlyle, GGDB developed a new business development and distribution plan to maintain a steady growth in the sports footwear business. On the basis of this, strengthen the development of the garment business, improve the sales network, and open more direct stores.
In 2018, GGDB reportedly had net sales of 185 million euros and profit before interest, taxes, depreciation and amortization of approximately 80 million euros. According to people familiar with the situation, the GGDB is now valued at more than 1 billion euros.