Made in Italy brands lead Christmas M&A activity

Milan - The year concludes with two significant financial transactions involving two prominent Made in Italy brands: Etro and Golden Goose. Golden Goose has been acquired by the Chinese company Hsg, an international venture capital and private equity firm, which now holds a majority stake in the group. Meanwhile, Temasek, a global investment company, and a fund managed by its wholly-owned asset manager, True Light Capital, have taken a minority stake. Etro, on the other hand, has seen a consortium of industrial investors acquire the minority stake previously held by the Etro family. This group includes the Turkish company Rams Global, Mathias Facchini of Swinger International, and the banker Giulio Gallazzi through Sri Group, in agreement with L Catterton. L Catterton remains the majority shareholder and will continue to actively support the brand's long-term growth strategy.