Latham & Watkins Advises Buyer Consortium Led by HSG on Acquisition of Majority Stake in Golden Goose

Latham & Watkins advised the buyer consortium led by HSG, a leading international private equity firm, on its acquisition of a majority stake in Golden Goose Group S.p.A., a leading next-generation luxury brand. Funds advised by Permira, as well as other existing shareholders including Carlyle, will retain a minority stake in the Group.

This landmark transaction represents the largest M&A deal in the fashion industry for 2025.

The closing of the transaction is subject to customary regulatory approvals.

The Latham team was led by Milan corporate partner Stefano Sciolla and Hong Kong corporate partner Stephen Shi, with partner Giovanni Sandicchi and associates Andrea Stincardini, Nicola Occhipinti, Ryan Siu, and Federica Ventura. The firm also advised on US capital markets matters with a team led by Milan partners Jeff Lawlis and Paolo Bernasconi with associate Michele Vangelisti; on Italian finance matters with a team led by partner Marcello Bragliani with counsel Erika Brini Raimondi, and associates Francesca Parisini and Lorenzo Suzzi; on English finance matters with a team led by London partner Charles Armstrong with associates Alexander David Law and Charlotte Hoggarth; on regulatory matters with a team led by Milan partner Cesare Milani with associates Edoardo Cassinelli and Irene Terenghi; and on antitrust matters with a team led by Paris partner Adrien Giraud and Washington, D.C. partner Ngoc Hulbig with associates Giuseppe Liotine, María Martínez, Enno Mensching, and Zhijin Liu. Due diligence support was provided by attorneys across the US, Middle East, and Paris offices.