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Reuters

Reuters

Business

Business & Economics

Alibaba's Tsai-backed firm buys 12% of Italian luxury sneaker maker Golden Goose

Reuters
Summary
Nutrition label

79% Informative

Investment comes after maker of $ 600 a pair sneakers abruptly pulled plans for a stock market listing last year .

In June Golden Goose unexpectedly halted a proposed initial public offering ( IPO ) citing market volatility caused by political uncertainty in Europe .

In November Golden Goose's CEO Silvio Campara said the company was still committed to an IPO .

VR Score

89

Informative language

94

Neutral language

62

Article tone

formal

Language

English

Language complexity

57

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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