Canada Goose files for IPO to capture U.S. market

Canada Goose files for IPO to capture U.S. market”

The 60-year-old company - known for its down-filled jackets with coyote fur hoods like the £950 Expedition Parka - filed for a listings in NY and its home town of Toronto.

For the fiscal year ended March 31, 2016, revenue was $290.8 million.

The Canadian clothing maker launched its national e-commerce platform in 2015 and then opened its first US retail store in NY late previous year.

Its parkas, which retail for up to $1,500, have been worn by celebrities and featured in Hollywood movies and on the cover of Sports Illustrated's swimsuit edition.

Canada Goose is going after the public markets.

Joy Villa: Trump-Themed Grammys Gown Was a 'Statement of Love'
He added of his relationship with Villa, "We've been working since the orange gown she wore two years ago, the fence dress". Soriano said they selected the heart-shaped purse to represent love, family, and togetherness.

Gorsuch nomination hearings start on March 20
Republicans refused to consider former President Barack Obama's nominee, Merrick Garland, insisting the voters should have a say. Supreme Court nominee Neil Gorsuch, but he walked away with concerns about the judge's candidacy for the high court.

Disney's new Guardians of the Galaxy ride opens in May
The most recent ride change at the park took place in Car's Land where Lugi's Flying Tires became Luigi's Rollickin' Roadsters. Coinciding with the attraction opening will be an event called Summer of Heroes , which will last through September 10.

With the $100 million that it will raise through IPO, this company that's operational since 1957 plans to pay down its debt, and use it as a working capital to boost its growth plans. The company has disclosed in its filing that in the past three years the revenue is compounding at 38.3% annually and the net income in this period has tripled.

The company also wants to expand further into other countries, especially China, where its coats are quite popular. And if you need a Canada Goose coat, you probably have one, and no one needs two.

The company, who is part-owned by private equity firm Bain Capital, has said it wants to pay off some of its debt and expand further into the U.S. and overseas.

Canadian Imperial Bank of Commerce, Credit Suisse Group AG, Goldman Sachs Group Inc. and RBC Capital Markets will be leading the share sale, the filing shows.

Like this


17 February 2017
Andrew Puzder withdraws from consideration as labor chief
Puzder, who serves as chief executive officer of CKE Restaurants , is now at home in Tennessee with his wife. Puzder had faced increasing pressure from Republicans over his hiring of an undocumented worker.

16 February 2017
Rare Leptospirosis Cases in NYC: 5 Things to Know
City officials say the cases, occurring in the past two months, are the first such concentrated cluster. The bacteria enters the body through open cuts and wounds, or through the nose, eyes or mouth.

16 February 2017
Anushka Sharma and Virat Kohli are a couple and it is CONFIRMED!
But when the social media trolls kept targeting her for Kohli's good form, Kohli came up with a strong statement on social media. Mumbai: Virat Kohli wears his heart on his sleeve; be it his on-field aggression or off-field love towards Anushka Sharma .