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  • Golden Goose Leaps Forward: Chinese and Singaporean Investments Fuel Luxury Brands Global Expansion

    Golden Goose Leaps Forward: Chinese and Singaporean Investments Fuel Luxury Brands Global Expansion

    Italian luxury brand, Golden Goose, has recently gone through a significant change in ownership. A majority stake in the company is now held by Chinese private equity firm HSG, while Singapore’s investment firm, Temasek, has also joined as a minority shareholder. This move followed the necessary regulatory approvals, and while the financial specifics remain undisclosed, existing investor Permira has retained a minority stake.

    A New Chapter for Golden Goose

    The revamped ownership structure is poised to support the next phase of Golden Goose’s worldwide expansion, faithfully retaining the company’s focus on Italian craftsmanship and its direct-to-consumer retail model. Silvio Campara will maintain his position as CEO, managing the company in association with the existing management team. Effective immediately, former Gucci CEO, Marco Bizzarri has been appointed as the non-executive chairman of the company.

    Campara expressed his confidence in the new investors, stating that their vast experience in scaling international luxury brands and driving innovation will propel Golden Goose in achieving its global aspirations. He is anticipating benefiting from their expertise as they advance towards realizing their international ambitions and introducing Golden Goose to more “Dreamers” around the world.

    Campara added, “This investment is a testament to our unique model and the global appeal of our brand. It will aid us in unlocking Golden Goose’s full potential, establishing it as a leading Next Gen luxury brand.”

    Golden Goose’s Expansion over the Years

    Golden Goose has witnessed remarkable growth under the ownership of Permira, with its global retail presence now spanning 232 stores across Asia-Pacific, Europe, and the Americas. The brand has also boosted its direct-to-consumer business and invested in experiential retail concepts, including its signature in-store co-creation services, as it continues to expand its international presence.

    Questions & Answers

    What is the new ownership structure of Golden Goose?
    The luxury brand Golden Goose is now primarily owned by the Chinese private equity firm HSG, with Temasek, a Singaporean investment firm, and Permira as minority shareholders.

    Who will lead Golden Goose under the new ownership?
    Silvio Campara will continue to serve as CEO of Golden Goose, working alongside the existing management team. Marco Bizzarri, former Gucci CEO, has been appointed as the non-executive chairman.

    What are the future expansion plans of Golden Goose?
    Under the new ownership, Golden Goose plans to further expand its worldwide presence while maintaining its focus on Italian craftsmanship and its direct-to-consumer retail model. The company also plans to leverage the experience of its new investors to scale the brand and drive innovation.

  • Jason Archer Ascends to APAC MD Role at Canada Goose: Driving Expansion and Luxury Presence in Asia

    Jason Archer Ascends to APAC MD Role at Canada Goose: Driving Expansion and Luxury Presence in Asia

    Canada Goose, the luxury outerwear retailer, has recently appointed Jason Archer as Managing Director (MD) of the Asia Pacific region (APAC). This move signifies the brand’s strategy to strengthen its luxury positioning and extend its market footprint in the region.

    Role and Responsibilities

    Jason Archer, based in Hong Kong, will report directly to the President of APAC for Canada Goose, Daniel Binder. His key responsibilities will involve steering the region’s strategy, managing commercial execution, and supervising operations.

    Archer brings more than twenty years of professional experience to the role. Prior to his promotion, he held the position of Senior Vice President, APAC operations and business development for Canada Goose.

    Impressive Track Record

    Over his tenure at Canada Goose, Archer has already made significant strides in the company’s development. His accomplishments include driving double-digit revenue growth within the APAC region, enhancing the brand’s direct-to-consumer performance, and ensuring brand consistency across various markets.

    Binder expressed his confidence in Archer, stating that his excellent work has significantly strengthened the company’s regional operations. He further stated, “With his global experience and strong leadership, Archer is the right person to guide us forward and unlock the brand’s full potential.”

    Noteworthy Appointments

    In another significant move in 2024, Canada Goose had appointed French designer Haider Ackermann as its inaugural Creative Director, thereby highlighting its commitment to further enhancing its luxury positioning.

    Questions & Answers

    Who is the newly appointed MD of APAC for Canada Goose?
    Jason Archer has been appointed as the new Managing Director of APAC for Canada Goose.

    What are the key responsibilities of his new role?
    His main responsibilities will be to steer the region’s strategy, oversee commercial execution, and supervise operations.

    What has Jason Archer accomplished in his tenure at Canada Goose?
    Archer has driven double-digit revenue growth in the APAC region, enhanced the brand’s direct-to-consumer performance, and ensured brand consistency across various markets.

  • Golden Goose Sees Stellar Rise in Revenue, Celebrates 21% Direct-to-Consumer Growth for FY25

    Golden Goose Sees Stellar Rise in Revenue, Celebrates 21% Direct-to-Consumer Growth for FY25

    Golden Goose, a prominent name in luxury footwear, has recently reinforced its direct-to-consumer sales strategy, a decision that has proved beneficial according to their recent earnings report.

    A Successful Year for Golden Goose

    For the fiscal year of 2025, Golden Goose reported a revenue of €734 million (US$858.1 million), a 15 per cent increase compared to the previous year. However, the company’s major achievement was a 21 per cent surge in direct-to-consumer sales, which now represent 81 per cent of the group’s total sales.

    Silvio Campara, CEO of Golden Goose Group, expressed his pride in the company’s FY25 results. He highlighted another year of robust and stable growth for Golden Goose.

    Expanding the Golden Goose Empire

    The luxury retailer added 17 new stores to its already expansive portfolio in 2025, bringing its total to a remarkable 232 stores worldwide. Sales saw an upward trend globally, with an 18 per cent increase in Europe, the Middle East, and Africa. Asia Pacific sales went up by 17 per cent, while growth in the Americas was marginally slower at 9 per cent.

    2025 also saw the introduction of Chinese private equity firm HSG as a majority shareholder.

    Campara expressed his delight at HSG and Temasek joining as strategic investors to further their international reach and realize their potential as a future-focused luxury brand.

    New Ventures and Future Outlook

    Campara also discussed some of the company’s successful initiatives. These included the introduction of new sneaker models such as True-Star and Marathon Speed, store openings in locations such as Mumbai, Tokyo, London Mount Street, and Naples, and the inauguration of the Padel Arena in Milan. The CEO emphasized their commitment to merging craftsmanship, culture, and community.

    Looking towards 2026 and beyond, Campara voiced his excitement about Golden Goose’s potential and his eagerness to bring more of Italy to their global community of admirers.

    Golden Goose recently unveiled a new concept store in Osaka, Japan, further expanding its international presence.

    Questions & Answers

    What was Golden Goose’s revenue for the fiscal year 2025?
    Golden Goose reported a revenue of €734 million (US$858.1 million) for the fiscal year 2025.

    What percentage of Golden Goose’s total sales in FY25 came from direct-to-consumer sales?
    81% of Golden Goose’s total sales in FY25 were from direct-to-consumer sales.

    What are some new initiatives by Golden Goose?
    Golden Goose launched new sneaker models such as True-Star and Marathon Speed, opened new stores in various international locations, and opened the Padel Arena in Milan.

  • Canada Goose sees Asia revenue go up despite Hong Kong protests

    Canada Goose sees Asia revenue go up despite Hong Kong protests

    The Hong Kong market has been a tough topic for a lot of retailers, especially those who have the mains consumer base in China. This was one of the reasons behind the fall in stock prices for Tiffany that got acquired by LVMH. Tiffany while not as prominent in the US anymore, relied heavily on its Asian consumer base but amidst the protests, its consumption fell flat. But this doesn’t seem to be the case with the Canada Goose.

    While the shares still sank, the revenues are more than 25% in its most recent quarter in Asia, despite the complicated situation in Hong Kong. Canada Goose shares lost 4.96% on the Toronto Stock Exchange but the consumers seem to be loving the infamous coats still.

    Canada has been going through a crisis of its own. With 71 thousand people losing their jobs, the worst month for job losses in decades. Some industries are struggling while others are still thriving. IGaming hasn’t really taken a hit by all of this and you can still enjoy the best Canadian online casino or real-life gambling venues. But the overall economy while resilient is still not in a great place. Canadian Goose, a luxury parka retailer that has always been popular in Asia also seems to be resilient. Before the value dropped the company warned about this possibility, saying that the wholesale revenues were expected to decrease in the third quarter because orders were advanced leaving fewer remaining winter orders to come.

    Despite this, the Canada Goose reported $60.6 million second-quarter revenues. While the Asian share of their revenue nearly doubled.

    Asian Market Loyal to the Canadian luxury parkas

    The Asian market still loves this product and the decrease of tourists doesn’t seem to be affecting the company all that much since its customer base in the continent is still there.

    The company was founded back in 1957 and since then has been a renowned manufacturer of winter clothes that were always loved in Asia and this new statistic proves just that.

    But still, the Canadian Goose had way higher expectations with the aiming at 43 % profit per share and $267.3 million in revenue. Canada Goose is one of the businesses that more or less survived the major drop caused by the protests and is still staying afloat, and surprisingly largely thanks to the Asian market. It managed to score $48.9 million this year, compared to the 2018 number that got the company $26.2 million in the second quarter of 2018.

    While the numbers are definitely impressive according to the company representative, this does not paint a full picture. According to them the company’s store in Shanghai and Hong Kong have been impacted significantly by the reduction of tourism but luckily real-life stores are not their only viable source of income.

    The company is watching the local events very closely and tries to evaluate the action to streamline its costs base on the grounds. This includes negotiating accommodations from landlords as well. Canadian Goose seems to be in the Asian market for a long haul since according to the representative they have plans to stick around for years, as they have done in the past and even if they don’t perform all that well during one quarter it doesn’t mean that they will give up on the market that has been so loyal to them.

    This attitude definitely makes them stand out in the Asian Market, which has seen far too many companies distressed over one unsuccessful quarter. This is part of the reason why the customer has stayed so loyal to these luxury parkas and have managed to turn their market into one of the key markets for the Canadian Brand.

    Tough times for Canadian brands

    When it comes to Canada and its economic struggle of the moment the situation is a little unstable. Whether or not it will affect the company is yet unclear but the officials are stating that they can bounce back from the biggest cuts in jobs in decades and get their “resilient” economy back on track. With the home market struggling along with its major consumer group also staying back, Canada Goose is in for an interesting quarter, to say the least.

    But since the locals have remained loyal to the Canada goose products company will now probably put even more effort and attention towards the Asian market. The prediction on whether or not the situation in Hong Kong will last much longer are not very reliable. So the Companies must be ready for the worst-case scenarios.

    It seems like even with that setup Canadian Goose is bound to have a better chance of surviving compared to other similar brands. Their main selling point has always been the quality that has stayed consistent throughout the years so it is expected that the customers will keep relying on the Canadian brand despite the economic hardship both in their hometowns of home countries and from the company’s part as well.

    Some even predict a 40% chance of a recession in Canada among two rate cuts but the government officials are staying more positive, at least in the public eye.

  • Canada Goose wings way to Japan

    Canada Goose wings way to Japan

    Canadian winter-clothing brand Canada Goose, which listed last year, has already opened a store in Japan with plans also for a flagship.

    Its maiden store is for men only, opened in Tokyo’s Hankyu Department Store in Yurakucho, Chiyoda-ku, last week.

    The company says on its Facebook page that it launched Canada Goose Hankyu Men’s Tokyo because of demand created by severe cold in Japaan.

    Meanwhile, its planned 300sqm flagship, to be run by its distribution partners, will be in Tokyo’s Sendagaya district, reports Fashion Network.

    After listing last year, the brand launched in Toronto, following up with a New York store within a few months. It is also planning outlets in London and Chicago.

    Specialising in high-end down jackets and parkas, Canada Goose is also expanding at home with a store in Calgary before the end of year.

    In its first quarter, to the end of June, the label says it had strong sales growth, notably because of its monobrand stores and e-commerce. Sales grew from CAD$12.5 million (US$9.8 million) to $28.2 million, while gross margin rose 29.7 to 46.9 per cent.

    However, operating income was on the other side of the ledger with losses of nearly $15 million, the same as in the previous fiscal year.