Canada Goose Files for IPO in NY and Toronto

Muriel SparksFeb 17 , 2017

Canada Goose is known for its expensive parkas - which cost an average of $900 each - as well as boots lined with coyote fur.

It filed for a $100 million IPO, but that number is a placeholder and likely to change.

The Mitsubishi Eclipse is back... well, sort of
The new model highlights the Japanese auto maker's strategy to move away from passenger cars and towards an SUV-centric model range.

Canada Goose Holdings Inc. officially filed the paperwork yesterday for an IPO in both Toronto and NY, with the company hoping to raise $300 million to pay down debt, and for general corporate purposes. It plans to list on the NYSE under the symbol GOOS. Proceeds from the IPO will be used to pay down debt and for working capital and general corporate purposes, the filing shows. The company did about $290 million worth of revenue in its latest fiscal year, earning just over $30 million in adjusted earnings.

Canada Goose was founded 60 years ago. "We believe offering inspiring new products that are consistent with our heritage, functionality and quality represents an opportunity to develop a closer relationship with our customers and expand our addressable market".

Anthem fires back at Cigna
Had they gone ahead, the insurance industry would have been dominated by three giants, as opposed to five companies. It also says that Anthem is liable for damages of more than $13 billion as a result of the deal being blocked.

Starting in Toronto, the brand now has a presence in 36 countries across the globe through a wide network of about 2500 wholesalers.

Private equity firm Bain Capital had acquired a majority interest in Canada Goose in December 2013.

Sasikala sees Palaniswami take oath from Bengaluru jail
The development resulted in full-fledged celebration in the Koovathur resort where the Sasikala camp was housed for over a week. The verdict may have prevented the state from plunging into another political chaos but the crisis is far from being resolved.

Canadian Imperial Bank of Commerce, Credit Suisse, Goldman Sachs and RBC Capital Markets will organise the share sale, according to the filing. Terms weren't disclosed at the time.


« Notícias anteriores
próxima notícia »