MILAN — Golden Goose closed another quarter of growth.
In the three months ended March 31, revenues rose 10 percent to 173.2 million euros, compared with 164.5 million euros in the same period last year.
Figures were reported at constant currency.
Direct-to-consumer remained the driver of growth with revenues climbing 19 percent and representing 81 percent of the total, driven by double-digit, like-for-like performance and space effect in retail, as well as a strong digital performance.
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“It’s been a strong start to 2026 for Golden Goose, with clear momentum across the business,” said chief executive officer Silvio Campara. “Our constant revenue growth clearly reflects the strength of our brand and of our community-driven approach, resonating with the next-gen luxury consumer. We continue to invest in the future of the brand: expanding our retail network, broadening the experiences we offer to our Dreamers, advancing our commitment to our people and responsible innovation.”
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Adjusted earnings before interest, taxes, depreciation and amortization amounted to 55.3 million euros, with a margin of 31.9 percent.
In the quarter, the Americas showed 14 percent growth, supported by a 20 percent increase in DTC, mainly driven by like-for-like performance.
The Europe, Middle East and Africa region was up 6 percent with a strong DTC performance despite sales in the Middle East being impacted by the conflict in Iran in March.
The Asia-Pacific area was the top-performing region, growing 17 percent, supported by 20 percent DTC growth; double-digit, like-for-like performance, and space effect.
As of March 31, there were 232 directly operated stores.
During the quarter, Golden Goose opened its first Younique Caffé in Europe, in Milan’s Brera district, with a listening bar section and launched its “Frutteria Golden” takeover at Selfridges’ Corner, a fruit-themed immersive pop-up that ran through April 25 and that transformed the London space into an Italian-style market that reflected the brand’s emphasis on co-creation and craftsmanship.
That concept was also unveiled in a new flagship in Athens.
Golden Goose also reopened its Beijing Taikoo Li South store, its biggest flagship in Asia-Pacific that was inspired by its Haus in Marghera, Italy.
Due to a selective wholesale strategy, the channel registered a 16 percent decline in total turnover attributed also to a time-shift of deliveries in the Europe, Middle East and Africa region, more complex market dynamics in the U.S. wholesale channel, and strategic downsizing of South Korean e-retailers.
As of March 31, the cash position stood at 75.8 million euros.
“Looking ahead, we remain focused on what makes Golden Goose truly ‘younique’ — focusing on co-creation, shared moments and personal authenticity, while strengthening our DTC model and bringing the Golden Goose experience to the world through creativity and passion,” Campara said.
Last month, Campara told WWD he is putting “authentic human relations” at the center of his next project for Golden Goose, dubbed Arts & Crafts, a global program of workshops that celebrates the art of crafting objects with your own hands, adding entertainment to experience, turning its stores into places to gather and make products.
“Our retail stores are transforming into places for product creation and self-expression, where the most exclusive item is the one made by you,” Campara said at the time. “Stores will become centers of production of memories, and with this also helping to raise the attention threshold — a thorny issue with the younger generations.” Gen Z represents 40 percent of total Golden Goose customers.
The executive revealed that the biggest store in the world, Haus Milano, will open here in a renovated 1930s building. Covering four floors and 27,000 square feet, it is expected to open by the end of the year in the former Garage Traversi near Via Montenapoleone.
Golden Goose in the period launched globally the new Marathon Speed sneaker, following an exclusive launch in China and South Korea in 2025.
The company obtained the Top Employer 2026 Certification for the fifth consecutive year in Italy, the fourth in the U.S., the third in China and the second in South Korea.
The brand also appointed tennis players Gabriel Diallo and Dayana Yastremska global brand ambassadors for 2026.
As reported, last December international venture capital and private equity firm HSG acquired a majority stake in the group, with investment company Temasek and True Light Capital joining as minority investors. Funds advised by Permira, the former majority shareholder, as well as other existing shareholders including Carlyle, retained a minority investment in the group. Campara has continued to helm the company and Marco Bizzarri, previously a nonexecutive director of the board, became nonexecutive chairman.
According to sources, Golden Goose is in talks to sell a 10 percent stake to the Qatar Investment Authority, further tweaking the shareholding structure.
Golden Goose was established in 2000 and Permira acquired the company in 2020 from the Carlyle Europe buyout fund.