Bain Capital Waits On More Bidders In $1.4 Billion Canada Goose Sale
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Suitors are circling high flying Canada Goose. (Photo by Costfoto/NurPhoto via Getty Images) NurPhoto via Getty Images Private equity giant Bain Capital has received an offer of around $1.4 billion for specialist outdoor wear retailer Canada Goose according to a report from CNBC. The winter-clothing maker’s controlling shareholder has been looking to offload its holding in Canada Goose and the offers aim to take the dual New York/Toronto-listed company private, according to CNBC’s sources. Boyu Capital and Advent International have made verbal offers, valuing Canada Goose at eight times its 12-month average earnings before interest, taxes, depreciation and amortization, translating into a valuation of around $1.35 billion. Other interested parties reportedly include China’s Bosideng International, as well as a consortium formed by Hong Kong-listed Anta Sports Products and FountainVest Capital. The news saw Canada Goose shares in New York spike at around 7% up before moderating in pre-market trading to nearer 3%, upping its market capitalization but still short of the reported bid valuations. Bain Capital is understood to be holding off on a final decision on the successful bidder until it sees whether more offers will come in, with due diligence expected to take less than two months before the deal is inked. Canada Goose Mixed Financials The bids come at a difficult time for Canada Goose, transformed by CEO Dani Reiss, which despite strong sales posted a larger-than-expected quarterly loss in the three month trading period to June 29 amid rising costs from retail expansion and promotional campaigns. While the company withheld its fiscal 2026 forecast citing tariff uncertainty, it has benefited from exemptions under the U.S.-Mexico-Canada trade pact. Total revenues were up over a fifth to $107.8 million and gross profits by over a quarter to $66.2 million, but those higher costs meant that operating losses increased…
Filed under: News - @ August 27, 2025 1:28 pm