- Canada Goose (TSX:GOOS) has acquired the operating assets of Paola Confectii Manufacturing, its first European facility
- Launched in 2017, Paola Confectii is based in Romania and has been a partner in manufacturing luxury knitwear for Canada Goose, producing a range of styles including the HyBridge Knit Jacket
- Canada Goose said knitwear is one of the leading segments of its apparel category, which exceeded $70 million in annual sales in fiscal 2023
- Canada Goose last traded at C$14.51 per share
Canada Goose (TSX:GOOS) has acquired the operating assets of Paola Confectii Manufacturing, its first European facility.
Launched in 2017, Paola Confectii is based in Romania and has been a partner in manufacturing luxury knitwear for Canada Goose, producing a range of styles including the HyBridge Knit Jacket.
Canada Goose stated knitwear is one of the leading segments of its 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.
Its core down-filled products will continue to be made in Canada, while apparel production will continue to be concentrated within European facilities.
“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,” Dani Reiss, Canada Goose’s chairman and CEO said in a news release. “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.”
Canada Goose Holdings Inc. is a lifestyle brand and a manufacturer of performance luxury apparel. The company designs, manufactures, and sells performance luxury apparel for men, women, youth, children and babies.
Canada Goose last traded at C$14.51 per share.
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