Canada Goose announced that it acquired the operating assets of Romania’s Paola Confectii Manufacturing, the brand’s first European facility. Terms were not disclosed.
CG said the acquisition builds on its network of seven manufacturing facilities in Canada and supports its “Strategic Growth Plan, specifically expanding existing categories and increasing year-round relevance.”
Paola Confectii has been a manufacturing partner of luxury knitwear for Canada Goose since its launch in 2017, producing several of its best-selling styles, including the HyBridge Knit Jacket. Knitwear is one of the leading segments of Canada Goose’s apparel category, which it reported “exceeded $70 million in annual sales in fiscal 2023.” Canada Goose expects the “closer partnership will 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 of 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.”
Canada Goose said its core down-filled products will continue to be made in Canada, while its apparel production will remain being manufactured in its European facilities.
Paola Confectii will continue to be led by Giannino Lessi, general manager, and Paola Zaffalon, technical director, as a standalone entity, maintaining regular operations.
Photo courtesy Canada Goose
