Canada Goose appoints new president of APAC
As Canada Goose continues to build out its presence in Asia-Pacific (APAC), the Canadian outerwear company has announced the appointment of luxury industry vet Paul Cadman as president of its business in the region.
In his new role, Cadman will oversee all of the Toronto-based company’s business activities, including commercial, financial and marketing functions, across APAC. Canada Goose’s operations in the region currently include activities in Greater China, Japan, South Korea, Australia and New Zealand.
Cadman joins Canada Goose from PMC Global Hong Kong Ltd., where he has served as CEO since August 2018, when he founded the company as a strategic management and business consultancy focused on the luxury industry.
Over the course of his 30-year career, the executive has also served in a number of leadership roles at luxury brands, including an 11-year stint as regional CEO for Asia-Pacific at Salvatore Ferragamo, during which he led the company’s expansion in the region.
Prior to this, he worked as managing director at Asprey & Garrard for three years and managing director of travel retail at Bulgari for eight years, as well as general manager for travel retail at The Estée Lauder Companies for 14 years.
“Paul is a trusted brand advisor, having consulted for us for years. His extensive knowledge in the luxury sector and his deep experience in developing brands across the region has provided our team with a valuable perspective,” said Canada Goose president and CEO Dani Reiss in a release.
“In the past three years, we have built more than a $250 million business in APAC and are encouraged by the long runway of potential for us,” added the CEO. “Paul’s experience, entrepreneurial nature and regionally-specific industry knowledge make him the best fit for the role as we strengthen our brand presence and further execute against our long-term growth strategy.”
APAC is a key region for Canada Goose, with DTC revenue in Mainland China alone having risen 85.9% year over year in the company’s recently reported second quarter. Over the last few months, the brand has opened new stores in Harbin, Nanjing, Ningbo, Beijing, Taipei and Macau.
The company’s total revenues in the second quarter totaled C$232.9 million, while net income was C$9.0 million, or C$0.08 per diluted share.
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