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Chinese Firm HSG Acquires Golden Goose for €2.5 Billion

12/20/2025

26 4 Full Breakdown

Summary

Story summary

HSG, a Chinese investment firm, announced it acquired a controlling stake in Golden Goose for about €2.5 billion.
The deal was announced on December 19, 2025, with Temasek and its subsidiary True Light Capital as minority investors.
Golden Goose reported a 13% revenue increase in 2024 to €655 million.
Silvio Campara, the CEO, will continue to lead Golden Goose.
Marco Bizzarri, the former Gucci CEO, will become non-executive chairman.

History

Historical Context

Kering, originally PPR, acquired Gucci in 1999 for $3 billion, marking a pivotal shift towards luxury goods. Under CEO Marco Bizzarri, Gucci's revenue surged from €3.9 billion in 2015 to €9.6 billion in 2019. The recent €2.5 billion acquisition of Golden Goose by HSG reflects ongoing consolidation in the luxury sector, driven by increasing interest from Asian investors.

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Story summary

HSG, a Chinese investment firm, announced it acquired a controlling stake in Golden Goose for about €2.5 billion.
The deal was announced on December 19, 2025, with Temasek and its subsidiary True Light Capital as minority investors.
Golden Goose reported a 13% revenue increase in 2024 to €655 million.
Silvio Campara, the CEO, will continue to lead Golden Goose.
Marco Bizzarri, the former Gucci CEO, will become non-executive chairman.

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