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Canada Goose acquires Baffin
By admin in Business
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Founded in a small warehouse in Toronto, Canada in 1957, Canada Goose has grown into one of the world’s leading makers of performance luxury apparel. Every collection is informed by the rugged demands of the Arctic and inspired by relentless innovation and uncompromised craftsmanship. From Antarctic research facilities and the Canadian High Arctic, to the streets of New York, London, Milan, Paris, and Tokyo, people are proud to wear Canada Goose products. Employing more than 3,200 people worldwide, Canada Goose is a recognized leader for its Made in Canada commitment, and is a long-time partner of Polar Bears International. Visit canadagoose.com for more information.

● Canada Goose (NYSE:GOOS) acquires Baffin Inc. for $32.5M.

● The company describes Baffin as a Canadian designer and manufacturer of performance outdoor and industrial footwear.

● The transaction is being funded with available cash on hand and the issuance of $1.5M Canadian dollars of restricted subordinate voting shares to the seller.

● GOOS +1.26% after hours to $56.19.

● Source: Press release

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