Tuesday, February 7, 2017

Carlyle to Garner Golden Goose

A Carlyle Group press release announced the purchase of Golden Goose Deluxe Brand, an Italian luxury lifestyle  fashion company.  No financial terms were disclosed

Golden Goose Deluxe Brand develops total look collections for both men and women and caters to the needs of quality-conscious sophisticated customers in search of a lifestyle brand that offers distinctiveness and differentiation from the mainstream global luxury brands.
Which explains the unique description of current ownership on Carlyle's website

Today the company is controlled by Ergon Capital Partners III S.A. and participated by Zignago Holding S.p.A., the company’s founders and the Management tea.
Chai.  Ciao.  We'll see if debt bloating, management fees and dividend bleeding kill Golden Goose. 

Update 3-8-17:  Carlyle closed on Golden Goose yesterday.