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Canada Goose Holdings Inc. has acquired Canadian footwear firm Baffin Inc. for 32.5 million Canadian dollars.
Baffin is a manufacturer of performance outdoor and industrial footwear. The deal is funded with available cash on hand and the issuance of 1.5 million Canadian dollars of restricted subordinate voting shares to the seller. The transaction is subject to customary closing adjustments.
Dani Reiss, president and chief executive officer of Canada Goose, said, “I have known and admired Baffin president Paul Hubner for years, and watched as he has developed innovative new designs and built a thriving business that is known for making the best and warmest boots. For decades, our products have lived side-by-side in the coldest places on Earth. The Arctic heritage and best-in-class functionality of Baffin boots are synonymous with what Canada Goose stands for.” He said the acquisition will provide Canada Goose with “valuable infrastructure and know-how to start exploring” the global footwear category.
Huber, an expert in insulated footwear construction and design, has tested his product in the North and South Poles, on Mt. Everest and Mt. Rainer. Baffin’s manufacturing roots date back to 1979.
Huber said ownership under Canada Goose will help the Baffin brand realize its full potential. He will
Canada Goose has always combined luxury with technical knowhow in its outerwear, but now the Toronto-based company has turned its eye towards another important element in your winter wardrobe: sweaters. Its new knitwear offerings are both as stylish and as adventure-ready as youâd expect.
The post How Canada Goose Brought Its Technical Knowhow From Parkas to Sweaters appeared first on Men's Journal.
Founded in 2000, Italy’s Golden Goose Deluxe Brand has more recently been growing within the U.S. For pre-fall 2018, the brand designed a ready-to-wear and shoe collection around a fictitious woman who fantasized about stories of her grandfather, should she have ever met him. Notes from the designers claimed the collection, “is an ode to real imagination and imagined realities.” Vintage references ran throughout; there was Forties-inspired suiting, like a lilac set or striped trouser, along with multiple trenchcoats with full gun flap and box pleats. Men’s wear references and the reemergence of the brand’s original cowboy boots were also strong throughout. A mismatch of graphics — celestial, collegiate, tropical scenes, logos and floral prints — could have been pared down to make the whole idea more concise.
Canada Goose had one of the busiest shopping days of the year interrupted by racous protestors.
Roughly 200-plus animal rights activists led by members of the People for the Ethical Treatment of Animals gathered in the late afternoon of Black Friday outside the year-old Canada Goose store in New York’s SoHo neighborhood. The block of Wooster Street where the store is located is home to a number of luxury and fashion brands, including Chanel, Balmain and Ted Baker.
While dozens of shoppers inside the Canada Goose store appeared to be doing little more than waiting out the protestors and a sizable crowd that had gathered to stare, photograph and in a few instances join in, PETA activists chanted, held signs and handed out fliers graphically describing and disparaging the use of down and coyote fur in Canada Goose’s popular winter coats.
A Canada Goose spokeswoman said PETA and other animal rights activist are “grossly misinformed” about the company’s practices around down and fur.
“They ignore the strict government regulation and standards that are in place, as well as our commitment to the responsible use and ethical sourcing of all animal materials in our products,” the spokeswoman said. “While we are unsurprised by their attempt
Canada Goose has always combined luxury with technical knowhow in its outerwear, but now the Toronto-based company has turned its eye towards another important element in your winter wardrobe: sweaters. Its new knitwear offerings are both as stylish and as adventure-ready as you’d expect.
The new line — which includes seven styles, from pullovers to cardigans to hoodies — combines the
This article originally appeared on www.mensjournal.com: How Canada Goose Brought Its Technical Knowhow From Parkas to Sweaters
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