AlMalki Group has opened its second Golden Goose store in Saudi Arabia, bringing the Italian luxury sneaker brand to one of Riyadh‘s most iconic addresses, Kingdom Center on Olaya Street.
A Strategic Second Opening
The new boutique at Kingdom Center marks AlMalki Group‘s latest milestone in building its luxury retail footprint across the Kingdom. The Jeddah-based conglomerate, founded in 1952, first introduced Golden Goose to Saudi Arabia with a flagship boutique at Solitaire Mall in Riyadh in early 2025. The second opening at Kingdom Center, one of Riyadh‘s most prominent luxury retail destinations, signals growing confidence from global brands in AlMalki Group’s retail platform across the region.
In Their Own Words
Director of Real Estate and Retail Delivery at AlMalki Group, Yazan Al Hosni, said: “We are proud to mark another milestone for AlMalki Group with the opening of our second Golden Goose store at Kingdom Center, Riyadh. This achievement reflects more than just expansion. It highlights the strength of our partnerships, the growing confidence of global luxury brands in our platform, and our continued commitment to curating distinctive retail experiences in the Kingdom.”
Golden Goose’s Momentum in the Region
The Kingdom Center opening arrives as Golden Goose reports its strongest financial performance to date. In FY 2025, the Venice-based luxury sneaker brand posted net revenues of €734 million, representing a 15% increase year on year, with the EMEA region growing by 18%. The brand’s direct to consumer net revenue grew 21% year on year, supported by the opening of 17 new stores globally in 2025, bringing the total network to 232 directly operated stores.
Golden Goose CEO Silvio Campara said, “I’m proud to be presenting our FY 25 results looking back at yet another year of strong, consistent growth and momentum for Golden Goose.”
AlMalki Group’s Growing Luxury Ecosystem
AlMalki Group operates as one of the Middle East’s leading luxury retail and distribution conglomerates, holding exclusive partnerships with over 40 international luxury brands spanning fragrances, cosmetics, fashion, watches, and jewelry. The Group operates across Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman, positioning itself as a key gateway for global luxury brands entering the Gulf market. In the coming months, AlMalki Group has indicated that further retail activations and expansions are on the way for the Kingdom.
