Canada Goose selling 10% to 15% of its company
First announced at the end of 2016, Canada Goose’s plan to go public is right on track. According to Bloomberg who spoke with people with knowledge of the matter, the Canadian brand is planning to go public as soon as next month. The luxury outerwear brand, specialized in parkas for extreme temperatures at price points of $850 to $1500, is planning on selling 10 to 15 percent of the company to the public in both the U.S. and Canada.
This would mean the IPO would be of $200 million to $300 million and would give the company a valuation of about $2 billion. The brand recently made its first foray into retail with its own storefronts in Toronto and New York.
The company, backed by Bain Capital since 2013, is working with Credit Suisse Group AG, Canadian Imperial Bank of Commerce and Goldman Sachs Group Inc. to lead the offering.
The brand, headed by Dani Reis,s had a turnover of about $300 million in 2015. Canada Goose is present in over 50 countries and employs over 1 500 people.
Copyright © 2023 FashionNetwork.com All rights reserved.