News Worms
News Worms


Canada Goose IPO Coming Soon

Canada Goose IPO Coming Soon

The Canadian luxury apparel company Canada Goose has filed for an initial public offering, or IPO. In 2016, the manufacturer said they brought in almost $291 million in revenue, with more than $100 million of that sum coming from the U.S. Canada Goose initially launched in 2015, and opened its first retail store in NY previous year.

Canada Goose recently opened a flagship store in New York City.

More news: CONFIRMED: Newest Mitsubishi SUV Is Known As The Eclipse Cross

Its parkas, which retail for up to $1,500, have been worn by celebrities and featured in Hollywood movies and on the cover of Sports Illustrated's swimsuit edition.

The company set a placeholder offering of $100 million.

More news: Berkshire Hathaway (NYSE:BRK-B) Reviewed By Analysts

Despite its failure at attaining gender diversity on its board of directors, Canada Goose does have a relatively balanced senior management team: four of the 13 senior managers are women, which doesn't seem that great, except in comparison to data collected by Rosenzweig & Company, an worldwide executive recruitment firm, that found just 42 of the 526 named executives at those Canada's top 100 companies were women. It plans to list it on Toronto Stock Exchange as well as New York Stock Exchange with GOOS as symbol. Over the past three years, revenue grew at a compound annual rate of 38.3 percent, the filing shows, while net income nearly tripled over the same period.

The company also wants to expand further into other countries, especially China, where its coats are quite popular. It has owned a large part of Canada Goose since 2013, when the company was valued at $250 million.

More news: Laidlaw ruled out of Six Nations

CIBC, Credit Suisse, Goldman Sachs, RBC Capital Markets, BofA Merrill Lynch, Morgan Stanley, Barclays, BMO Capital Markets, TD Securities, Wells Fargo Securities, Baird, Canaccord Genuity and Nomura Securities are the joint bookrunners on the deal.

follow

editors' picks

February 17, 2017
United Kingdom inflation rises less than expected, producer prices soar
It had been falling for more than two years amid a supermarket price war, but this now appears to be grinding to a halt. Inflation has been climbing as the fall in the pound - which makes imported goods more expensive - pushes up costs.

February 17, 2017
Supreme Court Nominee Meets with US Senator Bob Casey
Several have met with him privately and said they will give him a chance to make his case. The committee will then vote on the nomination, and it will move to the Senate floor.

February 17, 2017
Trump To Appoint Rich Wall Street Guy To Investigate American Intelligence Agencies
According to Trump , the "real scandal" was that "so many illegal leaks [were] coming out Washington". The president has railed against government leaks in the past few days.

February 17, 2017
Trump is freezing out the mainstream media. That should scare you
Republicans have joined congressional calls for an investigation into Mr Flynn's contacts with Russian Federation. The controversy comes as Mr Trump and his leading advisers seek to steady the White House after a rocky start.

February 16, 2017
Future Links With Maroon 5 for New Song "Cold"
Adam Levine is showing off all his good works to Ellen DeGeneres! Future then expounded the message with his snappy verses and in his rap solo.

February 16, 2017
Federal Agents Conduct 'Routine?' Immigration Enforcement, Generated Panic In Six States
Some had ignored final orders of deportation, according to ICE, the agency responsible for immigrant arrests and deportations. Among them 161 arrests were made in Los Angeles and some 200 in Atlanta, said local media reports.

February 16, 2017
Fortress Investment Group And Why Option Alerts Are So Important
Fortress's stock has slumped by almost two-thirds since the listing, after the company booked losses over the first five years. The acquisition, subject to approval by Fortress shareholders as well as regulators, is expected to close in the second half.

February 16, 2017
Trojan Horse CETA: Protests arise after agreement approval
CETA is a comprehensive deal that drops tariffs and grants new market access for many products including agricultural commodities. Unlike classic trade deals, Ceta harmonises regulations on matters such as health and the environment.

February 16, 2017
Get your party hats on because Justin Bieber is coming to India
Right after its release, it was the most streamed album on Spotify in one week with " What Do You Mean " as the most played song. Justin Bieber also holds the record for the highest most Twitter followers for any male user.

February 16, 2017
What Kevin Love's Injury Means Going Forward
And that could have greater long-term implications in the playoffs than whether Cleveland is the top seed in the East. The subject of trade rumors with Carmelo Anthony in recent weeks, Love has had a stellar year in Cleveland .