Private equity firm Permira has reached an agreement to buy Italian luxury sneaker brand Golden Goose. U.S. investment firm Carlyle the current owner of the Venice-based shoemaker known for its €400 ($437) sneaker with a five-point star on the side, kicked off the sale process late last year. Golden Goose was founded in 2000 by designers Francesca Rinaldo and Alessandro Gallo. In 2013, it was taken over by Italian private equity fund DGPA which sold it to mid-market investment firm Ergon Capital two years later. In 2017 the brand moved to Carlyle which drove its expansion in the United States and Asia with flagship stores in New York, Tokyo and Beijing. Golden Goose has also expanded its product range to include clothing and accessories, with a focus on leather goods.