An arbitrator has awarded financial compensation to a former Canada Goose vendor in connection with a previously announced commercial dispute.
The case relates to the termination of a contract in 2021, and the award communicated on Wednesday, May 4, has resulted in a one-time financial charge of approximately $30 million.
Canada Goose stated that it disagrees with the legal basis for this award and is evaluating available options.
The company said that the judgment is not related to current vendor relationships or ongoing business operations. Canada Goose stated that it maintains strong global partnerships with its vendors, and it does not expect this matter to have any material impact on the company’s long-term financial position or strategy.
The company will reflect the charge in its financial results for the first quarter of fiscal 2026 and has reaffirmed its focus on disciplined execution, brand growth and delivering value to shareholders.
Image courtesy Canada Goose
