Luxury sneaker maker Golden Goose postpones IPO citing political turmoil in Europe

A normal view of Golden Goose Celebrity “Paint Your Adore” sneakers.

Icon Sportswire | Icon Sportswire | Getty Photos

Italian sportswear manufacturer Golden Goose postponed its Milan IPO on the grounds that the European Parliament elections and the contact for a snap election in France have led to “substantial deterioration” in industry problems.

Golden Goose, recognized for its worn-wanting trainers which have been created preferred by celebs these types of as Taylor Swift, was aiming for a current market capitalization of up to 1.86 billion euros ($2 billion).

The “present industry backdrop is not the suitable atmosphere to choose the company community,” the business mentioned in a Tuesday statement, adding that an IPO will be reassessed in owing training course.

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