Golden Goose, a luxury sneaker brand, has delayed its initial public offering (IPO) due to political instability in Europe.

Golden Goose, a luxury sneaker brand, has delayed its initial public offering (IPO) due to political instability in Europe.
Golden Goose, a luxury sneaker brand, has delayed its initial public offering (IPO) due to political instability in Europe.
  • Taylor Swift has popularized Golden Goose's worn-looking trainers.
  • The company aimed to achieve a market capitalization of up to 1.86 billion euros ($2 billion).

The European Parliament elections and the call for a snap election in France have caused a "significant deterioration" in market conditions, leading to the postponement of the IPO of Italian sportswear brand Golden Goose in Milan.

The company Golden Goose, famous for its trendy trainers, aimed to achieve a market capitalization of up to 1.86 billion euros ($2 billion).

Made with Flourish

The company stated on Tuesday that the current market backdrop is not suitable for going public, and an IPO will be reevaluated in the future.

by April Roach

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