Permira news and archive

Passing of Valentino Garavani closes an era in 'Made in Italy' history

With the passing of Valentino Garavani at 93, we witness the end of an era where Italian style reigned supreme. Joining the ranks of departed legends like Gianni Versace and Gianfranco Ferrè, Valentino’s legacy represents the pinnacle of Italian excellence. His work, rooted in the elegance of Rome and the industrial chic of Milan, inspired...

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Business

Made in Italy brands lead Christmas M&A activity

Milan - The year concludes with two significant financial transactions involving two prominent Made in Italy brands: Etro and Golden Goose. Golden Goose has been acquired by the Chinese company Hsg, an international venture capital and private equity firm, which now holds a majority stake in the group. Meanwhile, Temasek, a global investment...

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Business

Chinese firm reportedly submits ‘interesting’ bid for Golden Goose

A leading Chinese venture capital and private equity firm is believed to have come forward with an “interesting” bid for Golden Goose. Italian publication La Repubblica reported that HongShan Capital, a spin off of US venture capital firm Sequoia Capital, has emerged as a potential frontrunner to takeover the Italian footwear specialist....

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Retail|Interview

K-Way returns to the UK with new store as it celebrates 60th anniversary

French outerwear brand K-Way, part of Italian group BasicNet, has returned to the UK with a new flagship store on King’s Road in London as it looks to solidify its position in the British market and as a leading player in the premium outerwear market. “This new opening is part of our European expansion journey, we see the UK as a big focus...

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Golden Goose receives minority investment from Blue Pool Capital

Golden Goose, a luxury sneakers, apparel and accessories brand has received a 12 percent strategic minority investment from Blue Pool, a Hong Kong-based investment firm and family office. The company, founded in 2000, said in a statement that funds advised by Permira, the global investment firm, will retain a majority investment in Golden Goose....

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Business

Permira acquires 40 percent stake in outdoor lifestyle brand K-Way

Private equity firm Permira has acquired a significant minority stake in K-Way, the entire share capital of which is currently owned by BasicNet. The company said in a release that while BasicNet will hold approximately 60 percent interest in K-Way, Permira through Permira Growth Opportunities II will become a shareholder with 40 percent stake....

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Business

CommentSold receives investment from Permira

CommentSold, a cloud-based SaaS platform that enables live and social selling across multiple shopping platforms and channels, including social media networks, merchants’ own websites and their CommentSold-powered branded mobiles app, has received an investment from Permira. Permira is a global private equity firm which scales tech-enabled...

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People

Golden Goose appoints former Chanel CEO Maureen Chiquet as Chairman of Board of Directors

Italian luxury streetwear brand Golden Goose has appointed former Chanel global chief executive officer Maureen Chiquet as its new Chairman of Board of Directors. Chiquet will replace Patrizio Di Marco, the former CEO of Gucci, and work alongside Silvio Campara, the company’s CEO since 2018. Chiquet’s appointment demonstrates Golden Goose’s...

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Private equity firm Permira acquires Golden Goose from Carlyle Group

New York – Golden Goose, Permira and The Carlyle Group (NASDAQ: CG) announced Wednesday that the private equity firm will acquire Carlyle’s majority stake in the Italian luxury fashion brand. The transaction is subject to customary conditions and is expected to close in the next months. “This is really about backing the sneaker trend, the...

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Business

How financial investor Permira polished Dr. Martens to a shine

BACKGROUND The British may call them "Doc Martin's" and the Americans "Doc Marten's"; regardless of how you pronounce them, there is a good chance everyone will agree on this point: No boot in the world has ever managed to claim nonconformist and iconic adjectives over such a long period of time. There was no decade in the last almost sixty...