...- Italian luxury footwear producer Golden Goose SpA overperformed its addressable market with revenue growth driven by all regions and strong performance in its direct-to-consumer (DTC) channel (73.5% of total sales in 2023), reporting at end-2023 positive free operating cash flow (FOCF) after leases of about 27 million and reducing its S&P Global Ratings-adjusted debt to EBITDA to 3.4x, down from 4.0x in 2022. - On May 30, Golden Goose announced it planned to list its ordinary shares on Euronext Milan, consisting of newly issued ordinary shares (primary tranche of 100 million) and the sale of some of existing ordinary shares by the current shareholder, assuming a minimum of 25% of floating shares (as per Euronext Milan requirements) and to be finalize by June 30, 2024. - The company intends to use the net cash proceeds from the IPO, proceeds from a new 310 million term loan B (TLB), and a portion of cash available on the balance sheet to repay its 480 million senior secured notes, and...
