LONDONMILAN, Dec 18 Reuters Luxury fashion group Golden Goose plans is looking to raise about 1 billion euros 1.1 billion from an initial public offering IPO in Milan, three people close to the matter told Reuters.

The company39;s majority owner, buyout group Permira, has enlisted seven banks to underwrite what is set to be one of Europe39;s biggest IPOs next year, the sources said.

Permira and Golden Goose declined to comment.

Reuters this month reported that Permira had appointed Bank of America, JPMorgan, Mediobanca and UBS as global coordinators for the IPO.

It has also enlisted BNP Paribas, Citigroup and UniCredit as joint bookrunners to assist on the deal, the sources added.

An IPO would breathe new life into Europe39;s capital markets after rising interest rates and the war in Ukraine all but froze listing activity.

Romania39;s Hidroelectrica was the region39;s biggest deal this year with about 2 billion in proceeds. Next was Schott Pharma in Germany at 935 million euros including shares placed under an overallotment option.

Golden Goose, known for wornlooking sneakers that sell for hundreds of euros, last year posted a 30 revenue jump to about 501 million euros.

The Italian group39;s plans mirror moves by other fashion companies in recent months.

Spanish fashion retailer Tendam, backed by CVC and PAI Partners, recently appointed banks to manage a potential listing in Madrid.

German sandal maker Birkenstock made its New York Stock Exchange debut in…