Blue Pool, a Hong Kong-based investment firm backed by Alibaba co-founder Joe Tsai, has bought a 12% stake in Italian luxury sneaker maker Golden Goose, the Venice-based brand said on Tuesday. The investment comes after the maker of $600 a pair sneakers abruptly pulled plans for a stock market listing last year.
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Blue Pool has bought a 12 per cent stake in Italian luxury sneaker maker Golden Goose, the Venice-based brand said on Tuesday.
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The Hong Kong-based family office set up by Joe Tsai, cofounder and chairman of the Alibaba Group, has acquired a 12 percent stake in the Italian company.
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The Hong Kong stock market has moved higher in three straight sessions, collecting more than 640 points or 3.4 percent along the way.
An investment group backed by Alibaba co-founder Joe Tsai has bought a 12 per cent stake in Golden Goose in a deal that values the Italian luxury sports shoe brand at more than €2.2bn, according to people briefed on the situation.