Sequoia China Acquires Majority Stake in Golden Goose to Accelerate Global Expansion

Deep News12-20 09:10

On December 19, 2025, Sequoia China announced its acquisition of a majority stake in Golden Goose Group S.p.A., a leading global fashion brand. Temasek and its wholly-owned asset management firm, Temasek Holdings, will participate as minority investors, while existing shareholder Permira retains a minority stake to support the group’s future growth. Post-investment, Sequoia China will help Golden Goose preserve its Italian craftsmanship heritage while accelerating global expansion.

Golden Goose is a luxury lifestyle and sportswear brand that has grown revenue from €266 million in 2020 to €655 million in fiscal 2024, maintaining robust profitability. The brand has expanded its direct-to-consumer (DTC) strategy, launching Forward Store concept shops and deepening consumer engagement through co-creation initiatives. Since 2019, its global store count has risen from 97 to 227, with a 13% year-on-year revenue increase in the first nine months of 2025, driven by 21% DTC growth.

The investment reflects strategic and cultural alignment between Sequoia China, Temasek, and Golden Goose. Leveraging their expertise in lifestyle and consumer tech investments—such as Temasek’s stakes in Moncler and Ermenegildo Zegna, and Sequoia’s backing of ByteDance, Pop Mart, Xiaohongshu, and Marshall—the partners will propel Golden Goose’s global ambitions while reinforcing its brand identity.

Silvio Campara remains CEO, while Marco Bizzarri, a current non-executive director with luxury sector experience (including leadership roles at Gucci and Kering), assumes the role of non-executive chairman to guide global expansion.

Campara stated, “Sequoia China and Temasek’s partnership validates our unique blend of luxury, lifestyle, and sportswear. Their global expertise will unlock our potential, and we appreciate Permira’s continued support.”

Sequoia China’s partner Zhou Jiajia emphasized Golden Goose’s emotional resonance and Italian roots, pledging to amplify its global reach while honoring its heritage.

Permira representatives praised Golden Goose’s resilience amid industry challenges and welcomed the new investors to fuel innovation and growth.

**About Golden Goose** Founded in 2000, Golden Goose merges streetwear, lifestyle, and sportswear with Italian craftsmanship, known for its “perfect imperfection” aesthetic. Its iconic sneakers and accessories cater to a global community of over 2 million “Dreamers,” supported by 227 stores and strong digital channels.

**About Sequoia China** A top global investor since 2005, Sequoia China has backed 1,600+ companies, including 160+ public listings and 140+ unicorns, across tech, healthcare, and consumer sectors.

**About Temasek** The Singapore-based firm manages a S$434 billion (€299 billion) portfolio, prioritizing long-term sustainability. It operates 13 offices worldwide.

**About Permira** With €80 billion in assets, Permira specializes in high-growth consumer brands, having invested €13 billion in 40+ companies globally.

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