Canadian high-end down brand will not be too far away from the market

Canadian Goose Inc., a Canadian high-end down brand, has already hired to invest in its planned IPO. However, given the current volatile market, the group did not have specific data on the issue of shares, offering price, etc.


Canadian Goose Inc., a Canadian high-end down brand, has already hired to invest in its planned IPO.


Sources said that Credit Suisse Group AG, Canadian Imperial Bank of Commerce and Goldman Sachs Group Inc. will underwrite the initial public offering of Canada Goose Inc that was scheduled for 2017 and seek a valuation of $2 billion for the group.


Previously, there was news that Canada Goose Inc. planned to go public. However, given the current market volatility, the Group did not have specific data on the issuance of shares, offering price, etc.


The birth of Canada Goose Inc. can be traced back to 1957, when Polish immigrant Sam Tick founded Metro Sportswear Ltd., the group’s predecessor. In 1972, his son-in-law David Reiss took over the company and served as CEO, and began to focus on making down jackets and Canadian government civil servants. Coat. In 2001, David Reiss' son Dani Reiss took over the family business and led the group to take off. There are currently more than 1,000 employees worldwide. It is reported that the group’s revenue in 2015 reached 300 million U.S. dollars, which has increased by 450% in the past five years, while the revenue in 2001 was only 3 million U.S. dollars.



In May of this year, Canada Goose Inc. announced plans to open its first independent flagship stores in Toronto and New York, after the group sold products with a maximum price of US$1,500 only through counters and online channels in 50 countries and regions.


During the reign of Dani Reiss, Canada Goose Inc. also welcomed its new owner. In 2013, Bain Capital LLC, a private equity fund, acquired a majority stake in the group. The specific transaction price was unknown, while Dani Reiss retained a minority stake. At the time, Canada Goose Inc had annual sales of approximately C$200 million and core profit EBITDA of $25 million.


After the brand building led by Dani Reiss over the past decade and the "personal demonstrations" of several star celebrities in recent years, Bruce Winder, co-founder of Canada Advisor Retail Advisors Network, believes that the Canada Goose brand has reached the peak of brand awareness and reputation. After that, there will be good expansion opportunities in markets outside North America.




Canada Goose Inc's competitor Moncler SpA (MONC.MI) first landed on the Milan Stock Exchange on December 16, 2013. The 10.2 Euro IPO price was opened publicly with gains of more than 40%. Institutional shareholders Eurazeo SA (EURA.PA) and Carlyle Group LP (NASDAQ: CG) Carlyle Group all made hundreds of millions of euros in Moncler SpA's IPO.


Currently Carlyle Group LP Carlyle Group has completely withdrawn from Moncler SpA in 2015; while Eurazeo SA's latest reduction occurred at the end of last month, it still holds approximately 9.5% of Moncler SpA shares after the reduction.


Since the market has always been concerned about Moncler SpA's single and unique product, although Moncler SpA's IPO has been hot and its performance has maintained a double-digit growth, the group has been doing nothing in the open market for the past three years, with less than 4% gain, on the 8th. The four closed at 14.86 euros, the market value of about 3.75 billion euros.


The largest initial public offering in the Canadian public market this year in the IPO winter comes from the country’s women’s fashion retailer Aritzia Inc. (TSE:ATZ), which landed on the Toronto Stock Exchange on October 3 at an IPO price of 16 Canadian dollars. , raising 400 million Canadian dollars.


Reproduced from: China Clothing Talent Network

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