Golden Goose postpones its initial public offering in Milan due to political unrest in Europe

An employee adjusts a display of sneakers inside a Golden Goose SpA store in the Mayfair district of London, UK, Monday, December 4, 2023. Nearly a dozen banks are vying for roles in a potential IPO for Golden Goose in Milan, with valuations ranging Between 3 billion ($3.3 billion) to 4 billion. Photographer: Jason Alden/Bloomberg via Getty Images

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Italian sportswear brand Golden Goose has postponed its initial public offering in Milan on the basis that the European Parliament elections and the call for early elections in France have led to a “significant deterioration” in market conditions.

Golden Goose, known for its worn-out sneakers and made famous by celebrities such as Taylor Swift, had aimed to achieve a market value of 1.86 billion euros ($2 billion).

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