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Golden Goose postpones planned IPO, citing "deterioration" in European markets

Investing.com -- Italian high-end sportswear brand Golden Goose has postponed its planned initial public offering in Milan, citing a "significant deterioration" in market conditions following European elections earlier this month and an upcoming snap election in France.

The group, which is owned by British private equity firm Permira, added that these trends had impacted the luxury sector in particular.

Golden Goose, known for its sneakers worn by celebrities like Taylor Swift, was due to price its IPO this week. It is aiming to raise about 600 million euros at a 1.86 billion euro valuation. The company noted that it would look into reviving the IPO "in due course."

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.