The manufacturer of high -end Canada Goose winter coats could change hands following the revelations of its majority shareholder, Bain Capital, which assesses all the options, including the sale.
• Read also: Sale of alcohol until 11 p.m. in convenience stores: public health rings the red alert at the SAQ
• Read also: Realated Bell technicians $ 24 for 80 hours with pay heels “in english only»
The US investment fund holds 60.5% of stocks with a multiple voting right to the Toronto company, which gives it 55.5% of the decision -making power. Bath already mandates advisers to probe the interest of potential buyers, including other private investment funds.
The shares of Canada Goose have increased by 23% since January and the market value of the company is US $ 1.26 billion now. A leap that draws the attention of investors: the luxury market remains robust despite global economic uncertainty.
Founded in 1957 in a small Toronto warehouse, Canada Goose has established itself as a global brand of high -end clothing. The company sells its coats at $ 1,500 around the world in 74 shops and generates revenues of $ 1.3 billion.
Bath seeks the exit
Bain Capital had acquired control of Canada Goose in 2013, before entering the company on the stock market four years later. Nothing for the moment guarantees that a transaction will take place, specify sources consulted by Bloomberg.
Other shareholders could join bathing in a possible sale, depending on some persons aware of the file. Bath representatives Capital and Canada Goose refuse to comment.
Consolidation in Quebec
Canada Goose maintains its Canadian production strategy despite economic pressures. The company closed its Boisbriand factory in July 2023, transferring its 180 employees to its installations on Chabanel Street, in Montreal.
This consolidation is part of the commitment of the CEO, Dani Reiss, to keep manufacturing in the country, even if the costs remain higher. The Canadian company has a net profit of $ 95 million for the financial year completed in March.
