Canada'S High-End Feather Down Brand Canada Goose Prepares For IPO

Canada high end down

Canada Goose Inc. has hired investment banks to prepare for its planned IPO.

According to the news, Credit Suisse Group AG, Canadian Imperial Bank of Commerce and Goldman SachsGroup will underwrite the earliest public offering of the company which was scheduled for 2017, and seek a valuation of $2 billion for the group.

There were reports of Canada Goose Inc. planned to go public, but in view of the current situation

Violent fluctuations, the group does not have specific data on issuing shares and recruiting shares.

The birth of Canada Goose Inc. can be traced back to 1957. At that time, Poland immigrants Sam Tick founded the group's predecessor Metro Sportswear Ltd.. In 1972, her son-in-law David Reiss took over the company and served as a CEO, and began to focus on manufacturing.

And Canadian Government Civil Servants' coat.

In 2001, David Reiss's son Dani Reiss Reiss took over the family business and led the group to take off. At present, there are more than 1000 employees worldwide.

It is reported that the group's revenue in 2015 reached $300 million, an increase of 450% over the past 5 years, compared with only $3 million in 2001.

In May of this year, Canada Goose Inc. announced plans to open the first independent flagship store in Toronto and New York, after it sold products with a maximum price of $1500 only through counters and online channels across 50 countries and regions.

When Dani Reiss was in charge, Canada Goose Inc. also welcomed the new owners.

In 2013, it won the majority stake in the group of Bain Capital LLC LLC, the private equity fund. The specific trading price was unknown, while Dani Reiss still retained a minority stake.

At that time, the annual sales of Canada Goose Inc. were about 200 million Canadian dollars, and the core profit EBITDA was 25 million Canadian dollars.

After more than a decade of Dani Reiss's brand building and celebrity demonstrations of many celebrities in recent years, Bruce Winder, co founder of Retail Advisors Network, said that the Canada Goose brand has reached the pinnacle of brand recognition and prestige, and thereafter there will be a good opportunity for expansion outside the North American market.

Canada Goose Inc.'s rival Moncler SpA (MONC.MI) has long been the first to land on the Milan stock exchange in December 16, 2013.

The 10.2 euro's offer price opened at an open rate of more than 40%. Institutional shareholders Eurazeo SA (EURA.PA) and Carlyle Group LP (NASDAQ:CG) Carlyle Group earn hundreds of millions of euros in the IPO of Moncler SpA.

At present, Carlyle Group LP Carlyle Group has completely withdrawn from Moncler SpA in 2015, while Eurazeo SA's latest reduction occurred at the end of last month, holding Moncler SpA close to 9.5% shares after its reduction.

As the market has been worried about the single Moncler SpA products, although Moncler SpA IPO hot and strong performance has maintained double-digit growth, but in the past three years, the group in the open market inaction, only less than 4% of the increase, on Thursday 8, 14.86 euros, the market value of about 3 billion 750 million euros.

The Canadian open market, the largest initial public offering in the winter of IPO this year, came from the Aritzia, Inc. TSE:ATZ, the women's fashion retailer in Toronto. The stock landed on the Toronto stock exchange at a price of 16 Canadian dollars, raising 400 million Canadian dollars.