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Article Date: June 2022
Word Count: 172

Golden Goose Scores Ratings Upgrade


S&P Global raised the Italian luxury sneaker maker’s company rating and the rating on its €480 million senior secured notes to B from B-, citing growing sales and DTC expansion. The ratings agency expects Golden Goose’s leverage to decline to about 4.5x from 5.1x at the end of 2021. Total revenue last year was up 45% to €385.6 million, but S&P expects that top line growth will be in the range of 15%-18% this year. It plans to open an average of 20 new stores per ... Log in to view full article.

 


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