Ergon is a disciplined and discreet value investor, which provides "patient and friendly capital"

Investments

> Date of Investment: May 2015
> Exit: March 2017
> Region: Italy
> Sector: Luxury Fashion
> Website: www.goldengoosedeluxebrand.com
> Sales: €101MM

Established in 2000, Golden Goose Deluxe Brand is a leading Italian designer of contemporary luxury casual wear and accessories, mostly known globally for its iconic sneakers

Since its foundation, the Company’s development strategy has been built on a high-end market positioning, proposing a contemporary, unique and consistent style over time with distinctive brand identity supported by a highly selective wholesale and retail distribution network in key markets such as Italy, UK, France, USA, Japan, Korea and more recently China

Golden Goose Deluxe Brand develops total look collections for both men and women and caters to the needs of quality-conscious sophisticated customers in search of a lifestyle brand that offers distinctiveness and differentiation from the mainstream global luxury brands

Headquartered in Venice, Italy, the company generated in 2016 sales in excess of €100 million of which ~60% realized outside Italy and with a growth rate of ~30% on the previous year

Golden Goose Deluxe Brand is distributed worldwide through a network of over 700 exclusive multi-brand stores and franchisees, along with 8 directly operated flagship stores

In May 2015 Ergon acquired a majority stake from financial shareholders and the founding family, who re-invested in the transaction alongside Ergon

In March 2017, Golden Goose was sold to The Carlyle Group