×
414
Fashion Jobs
SHISEIDO
Bareminerals Account Manager - Debenhams Manchester City (37.5)
Permanent · Stretford
GAP
Assistant Visual Manager - Bluewater
Permanent · Kent
MICHAEL KORS (UK) LIMITED
Ecommerce Operations Manager, Emea
Permanent · London
SHISEIDO
Bareminerals Account Manager - Debenhams, Bury (37.5)
Permanent · BURY SAINT EDMUNDS
SHISEIDO
Bareminerals Business Manager - Debenhams, Liverpool (37.5)
Permanent · Liverpool
SHISEIDO
Bareminerals Account Manager - Debenhams, Ipswich (37.5)
Permanent · Ipswich
SHISEIDO
Shisiedo Group Fragrance Account Manager - John Lewis, Brent Cross (22.5)
Permanent · London
SOEUR
Sales Associate
Permanent · LONDON
SOEUR
Store Manager
Permanent · LONDON
RICORRROBE
Fashion Studio Assistant
Internship · LONDON
OTIS JAXON
Photography Internship – Ecommerce Jewellery Company - London
Internship · LONDON
SHISEIDO
Bareminerals Beauty Ambassador - Boots, Sheffield (15)
Permanent · South Yorkshire
SHISEIDO
Bareminerals Opportunities - Lisburn Sprucefield
Permanent · Lisburn
SHISEIDO
Bareminerals Beauty Ambassador - Debenhams, Trafford (12.5)
Permanent · Stretford
SHISEIDO
Bareminerals Beauty Ambassador - Boots, Manchester (35)
Permanent · Stretford
LEVI'S
16 Hour Key Holder Braintree £9.30 p/h
Permanent · Braintree
MARSHALLS
Shift Engineering Manager
Permanent · Wakefield
MARSHALLS
Maintenance Technician
Permanent · Wakefield
MAJE
HR Coordinator UK m/f
Permanent · LONDON
MARSHALLS
Sierra Hardlines Supervisor
Permanent · Madison
LULULEMON
Community Key Leader
Permanent · Oxfordshire
LULULEMON
Hemmer (Soho Broadway) New York City New York United States Hemmer (Stores) Scottsdale Arizona United States Hemmer (Stores) Newport Beach California United States Hemmer (Stores) Whistler British Columbia Canada Hemmer (Stores) Halifax Nova Scotia c
Permanent · London

VF Corp, Permira reportedly among bidders for Golden Goose

By
Reuters
Published
Nov 29, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

U.S. apparel and footwear conglomerate VF Corporation and buyout funds Permira and Advent are lining up indicative offers for Italian shoe brand Golden Goose ahead of a mid December deadline, sources told Reuters.


Golden Goose Deluxe


Golden Goose, owned by private equity fund Carlyle, makes luxury sneakers priced at roughly 400 euros ($440) a pair and is being sold as part of an auction process led by Bank of America.

The Venice-based firm, founded in 2000 by designers Francesca Rinaldo and Alessandro Gallo, is valued at up to 1.4 billion euros and has drawn interest from financial investors and some U.S. fashion groups, the sources said.

Owner Carlyle has invited a small group of bidders to submit non-binding offers in mid December - the first step of an auction which is expected to wrap up early next year, the sources said.

A spokesman at Carlyle declined to comment.

Carlyle, which also owns fashion brand Twin Set, wants to ensure the new investor will be able to grow the business despite a poor outlook for luxury companies given the trade war between the United States and China and unrest in Hong Kong causing a slowdown in consumer spending, one of the sources said.

The Washington-based buyout fund aims to receive offers valuing Golden Goose at no less than 1.2 billion euros, representing a multiple of 15 times its core earnings of roughly 80 million euros, a second source said.

Dr Martens owner Permira is seen as a strong contender for the asset given its expertise with luxury brands including Valentino and Hugo Boss which used to be part of its investment portfolio, several sources said.

London-based Permira faces competition from rival investor Advent and a handful of industry players including apparel giant VF Corporation which controls North face, Eastpak, Timberland and Vans among other brands, another source said.

Two other U.S. conglomerates, PVH Corp and Tapestry, may also decide to enter the bidding race, a fourth source said, cautioning that no deal was certain.

PVH owns Calvin Klein and Tommy Hilfiger while Tapestry is better known for being the owner of Coach and Kate Spade.

Permira declined to comment while Advent, VF Corporation, PVH Corp and Tapestry were not immediately available for comment.

Carlyle bought Golden Goose in 2017 from mid-market investment firm Ergon Capital and went on shaking up its management team and ramping up its presence in the United States and Asia with flagship stores in New York, Tokyo and Beijing.

Led by Chief Executive Silvio Campara, Golden Goose has also expanded its portfolio to include clothing and accessories with a focus on leather goods.

© Thomson Reuters 2020 All rights reserved.