Canada Goose has announced the completion of a definitive agreement to sell a majority stake in the company to Bain Capital, a leading global private investment firm. 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 is today sold in over 50 countries. Employing more than 1,000 people around the world, the company’s rapid growth includes recently 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 per cent 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,” commented 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. They’re the right partner with the right resources to help us reach our potential.”
Bain Capital has a history of successful investments in a variety of Canadian consumer brands and retail companies, including Shoppers Drug Mart, Bombardier Recreational Products, and BTI Systems.
“Dani and the Canada Goose management team have already accomplished a great deal in establishing the premium outerwear category and creating a unique global brand that exudes authenticity,” said Ryan Cotton, a principal at Bain Capital. “We are very excited to employ our global resources and experience to help the team continue to build the business and fuel an even more successful future.”