Canada Goose news and archive

Canada Goose Q4 revenues grow 22 percent

Canada Goose revenue increased 22 percent or 23 percent on a constant currency basis to 358 million Canadian dollars for the fourth quarter. Gross profit grew 22 percent to 233 million Canadian dollars and gross margin for the quarter was 65.1 percent. “Our fourth quarter results came in ahead of guidance, reflecting the power of our iconic...

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Canada Goose names Haider Ackermann as creative director

Luxury outerwear brand Canada Goose has named Colombian-born French designer Haider Ackermann as its first-ever creative director to “shape” its future products and “elevate the brand’s creative aesthetic”. In a statement, the luxury parka brand said that Ackermann will be based in Paris and work alongside chairman and chief executive officer...

Business

Canada Goose to cut 17 percent of its global workforce

Outerwear purveyor Canada Goose is cutting 17 percent of its global workforce as part of a cost saving measure and growth strategy. News of the announcement on Tuesday saw the company’s share price tumble 3.7 percent, with stock down 75 percent in the past 12 months. The company is listed on the Toronto Stock Exchange. “Change is a constant...

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Canada Goose signs multi-year partnership with Central Saint Martins

Luxury outerwear brand Canada Goose is strengthening its commitment to the next generation of fashion talent with a new multiyear partnership with London’s Central Saint Martins, part of the University of the Arts London. The announcement follows a two-year partnership between the two, which saw Canada Goose collaborating with Central Saint...

Business

Canada Goose reports 6 percent increase in Q3 revenues

Canada Goose third quarter revenues increased 6 percent to 609.9 million Canadian dollars, up 5 percent on a constant currency basis. Canada Goose expects fourth quarter revenue between 310 million and 330 million Canadian dollars, adjusted EBIT between 14 million Canadian dollars and 27 million Canadian dollars and adjusted net income per...

Fashion |In Pictures Featured

Canada Goose unveils inaugural Hood Trim Collective

Luxury outerwear, apparel, footwear and accessories brand Canada Goose is teaming up with three emerging designers to launch a series of limited-edition Hood Trims and reimagined Canada Goose classics. The initiative called ‘Hood Trims Collective,' features what Canada Goose calls the “next generation” of designers, including Collina Strada,...

People

Canada Goose names new president of finance, strategy & administration

Outerwear giant Canada Goose has announced the appointment of Beth Clymer to the newly created role of president, finance, strategy and administration, effective January 8, 2024. In the position, Clymer has been tasked with overseeing finance, people and culture, corporate strategy and the legal side of the company, where she will report...

Business

Canada Goose acquires European knitwear manufacturer Paola Confectii

Canada Goose has acquired the operating assets of Paola Confectii Manufacturing. The company said in a statement that building upon the existing network of seven facilities across Canada, this acquisition marks the company’s first European facility, and supports its strategic growth plan. Canada Goose’s core down-filled products will continue to...

Business

Canada Goose cuts sales forecast and announces new CFO

Outerwear purveyor Canada Goose announced it cut its annual sales forecast. The downward revision signifies a potential slowdown in the brand's resurgence in the Chinese market and ongoing challenges in the U.S. market. Canada Goose, best known for its cold climate parkas, had been witnessing a promising recovery in demand in China during the...

Business

Canada Goose appoints new board members, CTO named

Clothing brand Canada Goose has announced the appointment of two new board members, as well as the name of its new chief technology officer, Marjan Anwar Khan. Former chief financial officer of luxury group Richemont, Gary Saage, and partner of Bain Capital Private Equity, Jennifer Davis, will be joining Canada Goose board of directors,...

Fashion |In Pictures

Canada Goose launches capsule with Rokh and artist Matt McCormick

For autumn/winter 2023, luxury brand Canada Goose has unveiled a collaboration with luxury women's clothing brand Rokh and contemporary American artist Matt McCormick. The eight-piece capsule collection, first unveiled during Paris Fashion Week in March 2023, unites Canadian performance and London-based luxury design with classic Western...

Fashion

Canada Goose teases upcoming designer collaborations for AW23

Canada Goose has teased a bumper line-up of designer collaborations for autumn/winter 2023 with Rokh x Matt McCormick, OVO, Concepts and Bape as it continues to position itself as a performance luxury lifestyle brand. The Canadian outerwear brand, which announced a strategic five-year plan earlier in the year to accelerate consumer-focused...