Latest news with #OliverWeisberg
South China Morning Post
24-03-2025
- Business
- South China Morning Post
Hong Kong thrives on low-tax regime and active capital market, family office says
Hong Kong's low-tax regime, active capital market and integration with the Greater Bay Area suit global family offices and investors, selling points that have helped widen its lead over regional hubs like Singapore and Tokyo, according to industry experts Advertisement The city should hold more conferences and events to promote its competitive advantages, Oliver Weisberg, CEO of Blue Pool Capital, the family office of businessman Joe Tsai, said at the Milken Global Investor Symposium in Hong Kong on Monday. Hong Kong's quality of life, education, healthcare and hub status make it an ideal location, he added. 'There is a great pool of talent as our analysts, associates, managing directors [show],' said Weisberg, a former investment banker with Goldman Sachs and Citadel who has lived in the city for 30 years. 'This is where they want to live for all the reasons we have talked about.' He recalled picking Hong Kong as the top choice in 2015 when he joined Tsai- who is also the chairman of Alibaba Group Holding which in turn is the owner of the Post – in steering the multi-strategy investment firm. Blue Pool Capital CEO Oliver Weisberg speaks at the Milken Institute symposium in Hong Kong on Monday. Photo: Jonathan Wong Hong Kong is hosting several investment-related conferences this week, apart from the Milken symposium. HSBC will hold its Global Investors Summit, while the Hong Kong government will host the third edition of the Wealth for Good event. The World Economic Forum will join the city's stock exchange operator Hong Kong Exchanges and Clearing to conduct the Centre for Financial and Monetary Systems symposium. Advertisement Financial Secretary Paul Chan Mo-po said there would be more mega-events in the pipeline, including the inaugural Hong Kong Global Financial and Industry Summit in June, which is expected to draw hundreds of global enterprises, tech firms and funds.
Yahoo
30-01-2025
- Business
- Yahoo
Blue Pool acquires minority stake in luxury brand Golden Goose
Hong Kong-based investment company Blue Pool Capital has secured a 12% stake in the Italian luxury lifestyle fashion brand Golden Goose. The transaction was negotiated and agreed shortly after Golden Goose decided to postpone its initial public offering, and was closed on 28 January 2025. Since Permira acquired a majority stake in 2020, Golden Goose has experienced significant growth, with revenues soaring and its community expanding to two million customers. Permira will retain a majority stake in the company. The brand, globally known for its sneakers, has established a strong presence in the Americas, Europe, the Middle East and Asia-Pacific (APAC), supported by more than 200 retail locations and an online and wholesale distribution network. For the nine months leading up to September 2024, the group reported a 12% currency-adjusted year-on-year surge in revenue and an 11% uptick in adjusted earnings before interest, taxation, depreciation and amortisation. These gains were primarily fuelled by a thriving direct-to-consumer segment, which expanded 18% on a currency-adjusted basis. The infusion of capital from Blue Pool Capital arrives as Golden Goose enjoys robust fiscal health amidst a tumultuous climate for high-end goods. Blue Pool Capital CEO Oliver Weisberg said: "We are huge believers in Golden Goose and its management team – and its positioning at the intersection between luxury and sportswear is truly unique. "We look forward to adding value beyond our financing to support Silvio and the great Golden Goose team as they unlock the brand's full potential." The partnership with Blue Pool Capital marks a pivotal chapter for Golden Goose as it strengthens its position as a luxury brand. The company's knowledge in the sports, entertainment and consumer sectors, paired with its understanding of Asia-Pacific markets, is anticipated to propel Golden Goose's expansion and fortify ties with its expanding customer base. Weisberg will join Golden Goose's board of directors. Golden Goose CEO Silvio Campara said: 'We warmly welcome Blue Pool Capital as a strategic partner in our journey to redefine luxury. With Blue Pool's expertise, deep connections in the US and APAC, and impressive portfolio in sports investments, we will push the boundaries of our dream. Together, we will accelerate our growth through innovation while continuing to deliver unique, authentic experiences to our community.' "Blue Pool acquires minority stake in luxury brand Golden Goose " was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
