Canada Goose bought by U.S.-based Bain Capital
Former Mitt Romney firm buys winter jacket makerDec 10, 2013
New York private equity firm Bain Capital has bought a majority stake in Canadian winter gear manufacturer Canada Goose for an undisclosed sum.
The two companies announced the deal in a news release Tuesday.
Founded in Toronto in 1957, Canada Goose makes winter apparel for use in extreme low temperatures. Its goods are sold in more than 50 countries and are a frequent target for counterfeiters.
The company has grown to employ more than 1,000 people in manufacturing facilities in various parts of Canada.
Bain, a private equity firm with offices across the U.S., has previously invested in a number of Canadian companies in their early stages, including Shoppers Drug Mart, Bombardier Recreational Products, and BTI Systems....
Read more here, and watch for the Canada Goose invasion!