Outerwear manufacturer Canada Goose has opened a new factory in Winnipeg, doubling its production capacity. The new manufacturing facility is located in a historic building built circa 1916 for the Stovel Printing Company. With 57,000 sq. ft., the facility features cutting-edge fabric cutting, down-filling and sewing technology.
There are currently 160 employees in shipping, sewing and design positions. Canada Goose plans to add an additional 20 percent over the next year.
Elsewhere, the maker of extreme weather apparel, has hired the full-service investment bank Canaccord Genuity to find new equity investors, Reuters reported.
Reuters quoted Canada Goose CEO Dani Reiss as saying the family owned company “certainly exploring options to introduced additional equity into the company.”
In the past 10 years the company has seen growth of over 3,500 percent, selling now in more than 44 countries across the globe. Currently the company employs over 1,000 people worldwide. Just last month Canada Goose opened a new sales room in Germany, where it said sales had grown 500 percent from 2009 through 2012.