MILAN, March 7 (Reuters) - Italy's Golden Goose said on

Thursday its net revenues had risen 18% at constant exchange

rate last year, as the Italian luxury sneaker maker is preparing

for an initial public offering on the Milan bourse.

Net revenues reached 587 million euros last year, helped by

the opening of 21 new stores, which brings the total to 191 at

the end of 2023.

The group, which is majority-owned by private equity firm

Permira, said its adjusted core profit rose 19% to 200 million

euros in 2023.

The Italian group is working with Bank of America ( BAC ),

JPMorgan ( JPM ), Mediobanca and UBS as

global coordinators for an initial public offering, which is

expected to take place in the second quarter this year, sources

told Reuters last year.