Permira is exploring options for Golden Goose, including a potential sale that could value the sneaker maker at more than €2.5 billion (about $2.7 billion), according to Bloomberg News.

The private equity firm is also weighing a possible IPO of the brand behind shoes favored by singers Selena Gomez and Taylor Swift, reported Bloomberg. Carlyle acquired Golden Goose from Ergon Capital Partners SA in 2017, sparking its expansion into the U.S. and China. Three years later, Permira paid about €1.3 billion (about $1.4 billion) for control of the company. Carlyle retains a minority stake.