GOLDEN EGG: The Golden Goose Deluxe Brand has hit cruising altitude.
The high-end fashion label is forging ahead with its international expansion, with a New York store having opened on Greene Street in February and its Paris boutique, on Rue des Saint-Pères, operating since December.
Thanks to its expansion, the brand, founded in Venice in 2000 by Alessandro Gallo and Francesca Rinaldo and controlled by Italian fund DGPA SGR since 2013, is expecting an impressive 49 percent increase in sales this year.
“Last year, we made 47 million euros [or $62.5 million at average exchange for the period], and this year our expectation is to arrive at 70 million euros [or $75.9 million at current exchange],” said Roberta Benaglia, chief executive officer of DGPA SGR, at a party held to inaugurate the Paris boutique on Saturday evening.
“In January and February, we doubled turnover compared to January and February of last year,” she explained. Some 60 percent of the brand’s revenues currently stem from international markets, a proportion it hopes to grow in the future.
“In Italy, our turnover is stable, and we can’t have much more than 200 clients. We have to develop Europe, Japan, Korea and the Middle East,” continued Benaglia.
Golden Goose is currently searching for a suitable location for a store in London, and is also considering opening a boutique in Hong Kong.