The deal included a commitment to keep manufacturing in Canada. In December 2013, Boston-based private equity firm Bain Capital acquired a 70% equity stake in Canada Goose at a $250 million valuation.
The Canadian Marketing Association named Reiss as its marketer of the year in 2013. As global growth continued, Canada Goose moved its Winnipeg operations into a larger facility in 2013. In 2011, Canada Goose acquired a new plant in Winnipeg, Manitoba, Canada. In 2010 Canada Goose opened an office in Stockholm, Sweden, for its European operations. The business saw rapid growth around the turn of the millennia and revenues increased from roughly $3 million in 1991 to roughly $17.5 million in 2008, reflecting increased sales in Scandinavia and in Canada. The manufacturing continued solely in Canada rather than being outsourced to Asia where labour costs were much lower. Under Dani Reiss' leadership, the company discontinued its private label operations to focus mainly on consumer products. By then, Canada Goose generated around $3 million in annual revenue, largely through licensing its designs to other companies in the industry. ĭavid Reiss' son Dani Reiss joined the company in 1997 and succeeded him as CEO in 2001. In the early 1990s, the company begun exporting its products to Europe, where they were marketed under the name Canada Goose due to a trademark dispute. In 1985, Reiss acquired a majority equity stake in Metro Sportswear and the company began producing apparel under its own "Snow Goose" label.
In the early 1980s, Metro Sportswear had expanded to 50 employees. Metro Sportswear mainly focused on manufacturing custom down-filled coats and heavy-duty parkas for authorities and governmental agencies, such as police departments, municipal workers, the Canadian Rangers, the Ontario Provincial Police, the Canadian Ministry of Environment, and the Ministry of Correctional Services. In 1972, Tick's son-in-law, David Reiss, joined the company and eventually became the CEO. The company produced functional outerwear, such as woolen vests, raincoats and snowmobile suits before specializing in down-filled jackets in the early 1970s. in a small warehouse after spending years working as a cutter in other factories. In 1957, Polish- Jewish immigrant Sam Tick founded Metro Sportswear Ltd. ( April 2019) ( Learn how and when to remove this template message) There might be a discussion about this on the talk page. This section may be confusing or unclear to readers.
0 kommentar(er)
