Canada Goose Acquires First European Manufacturing Facility
28 Novembro 2023 - 9:00AM
Business Wire
Performance luxury brand acquires longstanding
knitwear supplier to support growing apparel category
Today, Canada Goose announces the acquisition of the operating
assets of Paola Confectii Manufacturing. Building upon our existing
network of seven facilities across Canada, this acquisition marks
the company’s first European facility, and supports our Strategic
Growth Plan, specifically expanding existing categories and
increasing year-round relevance.
Based in Romania, Paola Confectii has been a trusted partner in
manufacturing luxury knitwear for Canada Goose since its launch in
2017, producing a range of best-selling styles including the
HyBridge Knit Jacket. Knitwear is one of the leading segments of
our growing Apparel category, which exceeded $70 million in annual
sales in fiscal 2023. This closer partnership is expected to
enhance product margins and supply control, while deepening
in-house product expertise.
“Our vertically integrated supply chain has always been one of
our core competencies. This strategic investment advances our
renowned manufacturing infrastructure and validates the performance
luxury brand we are today,” said Dani Reiss, Chairman and CEO,
Canada Goose. “It also demonstrates the confidence we have in our
emerging categories and our plans to develop these categories into
even more meaningful contributors to our business.”
Our core down-filled products will continue to be proudly made
in Canada, while apparel production will continue to be
concentrated within best-in-class European facilities. As we’ve
evolved and introduced new categories, we’ve strategically welcomed
new world-class partners from different parts of the globe who
share our values and commitment to craftsmanship.
Paola Confectii will continue to be led by Giannino Lessi,
General Manager, and Paola Zaffalon, Technical Director, as a
standalone entity, maintaining regular operations.
About Canada Goose
Founded in 1957 in a small warehouse in Toronto, Canada, Canada
Goose (NYSE:GOOS, TSX:GOOS) is a lifestyle brand and a leading
manufacturer of performance luxury apparel. Every collection is
informed by the rugged demands of the Arctic, ensuring a legacy of
functionality is embedded in every product from parkas and rainwear
to apparel and accessories. Canada Goose is inspired by relentless
innovation and uncompromised craftsmanship, recognized as a leader
for its Made in Canada commitment. In 2020, Canada Goose announced
HUMANATURE, its purpose platform that unites its sustainability and
values-based initiatives, reinforcing its commitment to keep the
planet cold and the people on it warm. Canada Goose also owns
Baffin, a Canadian designer and manufacturer of performance outdoor
and industrial footwear. Visit www.canadagoose.com for more
information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231128697560/en/
Media: media@canadagoose.com
Investors: ir@canadagoose.com
Canada Goose (NYSE:GOOS)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024
Canada Goose (NYSE:GOOS)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024