Canada Goose acquires first European manufacturing facility

30 Nov '23

2 min read

Pic: Canada Goose

Insights

Canada Goose has acquired the operating assets of Paola Confectii Manufacturing in Romania, marking the company's first European facility.
Paola Confectii has been a key partner in manufacturing luxury knitwear for Canada Goose since 2017.
The move supports Canada Goose's strategic growth plan, focusing on expanding categories and year-round relevance.

Canada Goose has announced the acquisition of the operating assets of Paola Confectii Manufacturing. 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, specifically expanding existing categories and increasing year-round relevance.

Based in Romania, Paola Confectii has been a trusted partner in manufacturing luxury knitwear for Canada Goose since its launch in 2017, producing a range of best-selling styles including the HyBridge knit jacket. Knitwear is one of the leading segments of the growing apparel category, which exceeded $70 million in annual sales in fiscal 2023. This closer partnership is expected to enhance product margins and supply control, while deepening in-house product expertise.

“Our vertically integrated supply chain has always been one of our core competencies. This strategic investment advances our renowned manufacturing infrastructure and validates the performance luxury brand we are today,” said Dani Reiss, chairman and CEO, Canada Goose. “It also demonstrates the confidence we have in our emerging categories and our plans to develop these categories into even more meaningful contributors to our business.”

The core down-filled products will continue to be made in Canada, while apparel production will continue to be concentrated within best-in-class European facilities. As the company has evolved and introduced new categories, it has strategically welcomed new world-class partners from different parts of the globe who share its values and commitment to craftsmanship, the company said in a press release.

Paola Confectii will continue to be led by Giannino Lessi, general manager, and Paola Zaffalon, technical director, as a standalone entity, maintaining regular operations.

Fibre2Fashion News Desk (RR)

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