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Endpoint: Canada Goose



05:34
Videos (4)
created on: 4/11/2024
by: bob (9873)
 
 

Brand properties

General info :
Canada Goose is a brand name used by Canada Goose Holdings, Inc., a Canadian holding company of luxury winter clothing manufacturers. The company was founded in 1957 by Sam Tick, under the name Metro Sportswear Ltd.

In 1957, Polish-Jewish immigrant Sam Tick founded Metro Sportswear, the company that would later become Canada Goose. The company's first products were wool vests, raincoats, and snowsuits. Tick's son-in-law David Reiss joined Metro Sportswear in 1972 and introduced a down-filling machine that allowed the company to more efficiently produce winter jackets.

By the late 1970s, the company was supplying parkas to police, corrections officers, park rangers, and other public sector workers under the Snow Goose brand name. It also sold designs to larger apparel manufacturers such as L.L. Bean and Eddie Bauer. In 1982, Reiss succeeded Tick as the company's CEO. In 1985, Reiss acquired a majority stake in the company and changed its name to Snow Goose.

In 1997, David's son Dani Reiss joined the company, initially working in sales. In 2000, at Dani Reiss's urging, the company changed its name from Snow Goose to Canada Goose. The following year, Dani Reiss took over from his father as CEO of the company. Under Dani Reiss' leadership, the company discontinued its private label operations to focus mainly on consumer products. The business saw rapid growth around the turn of the millennium and revenues increased from roughly $3 million in 1991 to roughly $17.5 million in 2008.

In 2010 Canada Goose opened an office in Stockholm, Sweden, for its European operations.

In December 2013, Boston-based private equity firm Bain Capital acquired a 70 per cent equity stake in Canada Goose at a $250 million valuation. The deal included a commitment to keep manufacturing in Canada. At the time, the company had grown to approximately 1,000 employees and had recently opened new manufacturing plants in Toronto and Winnipeg. In December 2014, Canada Goose opened a showroom and sales office in New York City.
From 2001 to 2014, the company's sales revenue had grown from $3 million to $200 million.

On March 16, 2017, shares of the company began trading on the Toronto Stock Exchange and New York Stock Exchange under the ticker symbol GOOS.

In May 2019, the company opened its eighth Canadian production facility and first in Montreal.
Relations :
Founded by [1957] : Sam Tick
This endpoint is new to the database, please check he (it) is not in with a similar endpoint name association (and use the ENA function if necessary).
Brand name used by : Canada Goose Holdings, Inc.
This endpoint is new to the database, please check he (it) is not in with a similar endpoint name association (and use the ENA function if necessary).
Previously known as : Snow Goose
This endpoint is new to the database, please check he (it) is not in with a similar endpoint name association (and use the ENA function if necessary).
Websites
Source :
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ENA's

Magazines

(6 items)

Item number : 66298

Submitted by : bob (9873)
on : 04/11/2024