Golden Goose suitors rebuffed by Carlyle; Tapestry among prospective bidders
The potential suitors for Golden Goose, an Italian sneaker company, have been rebuffed by private equity firm the Carlyle Group[NASDAQ:CG], Italian-language daily Il Sole 24 Ore reported.
The report cited market rumours noting that US clothing group Tapestry [NYSE:TPR] had been among the parties expressing interest in Golden Goose, but the Carlyle Group had turned down the offer.
The report noted that Golden Goose posted an EBITDA of EUR 55m and turnover of some EUR 185m in 2018. The item noted that Golden Goose has been growing in double figures since Carlyle took it over in 2017 for EUR 400m.
The article added that Golden Goose could be worth around EUR 1bn.