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    Home > Finance > Alibaba's Tsai-backed firm buys 12% of Italian luxury sneaker maker Golden Goose
    Finance

    Alibaba's Tsai-backed firm buys 12% of Italian luxury sneaker maker Golden Goose

    Published by Global Banking & Finance Review®

    Posted on January 28, 2025

    2 min read

    Last updated: January 27, 2026

    Image depicting the announcement of Blue Pool's investment in Golden Goose, a luxury sneaker brand. This highlights the strategic move in the finance sector amidst market volatility.
    Investment announcement of Blue Pool's 12% stake in Golden Goose luxury sneakers - Global Banking & Finance Review
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    Tags:investmentequity

    Quick Summary

    Joe Tsai's Blue Pool Capital acquires a 12% stake in Golden Goose, aiding its expansion. The deal follows Golden Goose's IPO postponement due to market volatility.

    Alibaba Co-Founder Joe Tsai's Firm Acquires 12% of Golden Goose

    MILAN (Reuters) - Blue Pool, a Hong Kong-based investment firm backed by Alibaba co-founder Joe Tsai, has bought a 12% stake in Italian luxury sneaker maker Golden Goose, the Venice-based brand said on Tuesday.

    The investment comes after the maker of $600 a pair sneakers abruptly pulled plans for a stock market listing last year.

    "Blue Pool's deep expertise in the sports, entertainment and consumer industries, coupled with its deep knowledge of the Asia Pacific market, will help the group further expand its reach," Golden Goose said in a statement.

    No financial details were disclosed.

    Blue Pool manages the assets of Tsai, who chair the Chinese online retailer and co-founded it with Jack Ma, as well as those of a group of families.

    Oliver Weisberg, CEO of Blue Pool Capital, will join Golden Goose's board.

    Private equity firm Permira will retain a majority stake in the company, the company said.

    In June Golden Goose unexpectedly halted a proposed initial public offering (IPO) on the Milan bourse, citing market volatility caused by political uncertainty in Europe.

    In November Golden Goose's CEO Silvio Campara said the company was still committed to an IPO but would wait for the right market conditions to restart the process.

    Golden Goose said that the transaction with Blue Pool was negotiated and agreed shortly after last year's decision to postpone the IPO and was completed on Tuesday.

    (Reporting by Elisa Anzolin and Cristina Carlevaro; Editing by Gianluca Semeraro and Valentina Za)

    Key Takeaways

    • •Alibaba's Joe Tsai's firm acquires 12% of Golden Goose.
    • •Golden Goose previously halted its IPO plans.
    • •Blue Pool Capital's expertise to aid Golden Goose's expansion.
    • •Permira retains majority stake in Golden Goose.
    • •Transaction finalized after IPO postponement.

    Frequently Asked Questions about Alibaba's Tsai-backed firm buys 12% of Italian luxury sneaker maker Golden Goose

    1Who backed Blue Pool Capital in the investment?

    Blue Pool is backed by Alibaba co-founder Joe Tsai.

    2What percentage of Golden Goose did Blue Pool acquire?

    Blue Pool acquired a 12% stake in Golden Goose.

    3Why did Golden Goose halt its IPO plans?

    Golden Goose halted its IPO plans due to market volatility caused by political uncertainty in Europe.

    4Who will join Golden Goose's board following the investment?

    Oliver Weisberg, CEO of Blue Pool Capital, will join Golden Goose's board.

    5What is the price range of Golden Goose sneakers?

    Golden Goose sneakers are priced at approximately $600 a pair.

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