Canadian extreme weather outerwear manufacturer, Canada Goose, has sold its majority stake to Boston-based private equity firm Bain Capital for an undisclosed sum.
The Canadian outerwear firm, which is one of world’s leading makers of extreme weather jackets, has taken the step in order to expand its reach to new markets and also increase its local manufacturing operations.
However, although the Boston firm would be owning the majority stake of Canada Goose, Dani Reiss president and CEO of the Canadian firm would be retaining his position as the company’s head.
Mr. Reiss said Bain Capital has had a long and impressive track record for successfully investing in Canadian firms and Canada Goose is thrilled to bring them on board, as they are the right partners with the right resources to help the firm reach its true potential.
Founded in a small warehouse in Toronto more than 55 years ago by Reiss' grandfather, Canada Goose now employs more than 1,000 people and its apparel is sold in more than 50 countries. Canada Goose is a leading producer of extreme weather outerwear, proudly manufactured only in Canada.