Taylor made: American pop star Taylor Swift wears Golden Goose sneakers during a walk in New York
An Italian luxury sneaker brand has insisted it has no plans to list outside Italy after a £2.5bn flotation in Milan was abandoned amid election turmoil.
Golden Goose, which counts pop singer Taylor Swift among its fans, said on Tuesday it was postponing its plans for an initial public offering in Milan due to volatility in the European market.
The company, co-founded by husbands Alessandro Gallo and Francesca Rinaldo 25 years ago, stated that “the current market context is not the right environment to take the company public.”
The company added that an initial public offering (IPO) “will be re-evaluated in due course.”
A source close to Golden Goose said it had no plans to consider any other stock exchanges, including London.
“The ‘made in Italy’ component of the brand is a big part of its heritage, so Milan is likely to remain the preferred location,” the source said.
Golden Goose said it had received a “very positive” response from investors to its IPO process.
