Golden Goose Sells €880 Million of Bonds for PE Buyout

Golden Goose Group SpA priced a €880 million ($1.04 billion) bond sale to fund its acquisition by Chinese private equity firm HSG, a test of investor sentiment given struggles in the luxury sector and concerns around the Iran war.

The Italian company, known for its star-themed luxury sneakers, is one of the few recent European high-yield bond issuers. The slow deal flow comes as investors are worried about the impact of the war on energy-intensive and consumer-oriented businesses.