Canada Goose hired the Canadian investment bank Canaccord Genuity to find new equity investors, according to a report from Reuters. The news service quoted Canada Goose CEO Dani Reiss as saying the family owned company is certainly exploring options to introduce additional equity into the company.
Canada Goose has been growing rapidly in recent years as its fur lined parkas and down coats-originally designed for use in the extreme weather of the Great White North – have become popular fashion items in North America and Europe. Last month the Toronto-based company said it opened a new sales room in Germany, where it says sales grew 500 percent between 2009 through 2012. Reuters quoted an unidentified source as saying Canada Goose generates EBITDA of about C$25 million on sales of C$200 million.
The companys parkas, which are hand-stitched in Canada, have been used for decades by oil workers, explorers and scientist for use in polar and other extremely cold regions. The company has emerged as one of Canadas most visible domestic manufacturing advocates by devoting significant resources to fighting Chinese counterfeiters and pushing for stronger anti-counterfeiting laws in Canada.
