Golden Goose, an Italian luxury sports brand, delays IPO due to recent market downturn.

Italian high-end sports brand Golden Goose has announced the postponement of its initial public offering (IPO) on China Financial Network Foreign Exchange Traderthe Milan Stock Exchange due to a significant deterioration in the recent market environment. The results of the European elections earlier this month and the upcoming snap elections in France have increased market uncertainty, forcing the company to delay its listing plans.

Golden Goose is owned by the British private equity firm Permira. The brand noted in its announcement that current market volatility has had a particularly noticeable impact on the luxury goods sector. Known for its high-end sneakers, Golden Goose's products are favored by many celebrities, including renowned artists like Taylor Swift. This also gives the brand significant recognition and influence in the market.

Initially, Golden Goose planned to set its IPO price this week, aiming to raise around €600 million at a valuation of €1.86 billion. The listing was seen as an important step for the company to further expand into global markets. However, the sudden change in market conditions has forced the company to reassess its current financing strategy.

In its statement, Golden Goose indicated that the company will closely monitor market dynamics and relaunch its IPO plans at an appropriate time if conditions permit. The company believes that by responding flexibly to market changes, it will be able to seize the right opportunity in the future to complete the listing, further enhancing brand value and competitiveness.

The decision to postpone the IPO reflects Golden Goose's cautious attitude towards the market environment while also demonstrating the company's ability to adapt to challenges. In the future, the company will continue to focus on brand building and business expansion, aiming to achieve a public offering in a more stable market environment, thereby creating greater value for shareholders and investors.

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