Canada Goose announced the completion of a definitive agreement to sell a majority stake in the company to private investment firm Bain Capital. Dani Reiss will remain President and CEO, and continue to own a significant minority stake in the company. Financial terms of the private transaction were not disclosed.
Starting out in a small warehouse in Toronto, Canada more than 55 years ago, Canada Goose currently employs more than 1,000 people around the world. The company’s recent growth includes doubling production capacity in Winnipeg by moving into a 57,000 square-foot facility, as well as moving its Toronto manufacturing operations into a new 90,000 square-foot building – a 60 percent increase over its previous location.
“With this investment, we’re able to amplify what has driven our success for the last 15+ years: delivering the best and warmest jackets to the rest of the world – all proudly made in Canada,” said Reiss. “Bain Capital has a long and impressive track record of successfully investing in beloved Canadian companies, and we are thrilled to bring them on board.”
