Canada Goose has begun trading today after pricing higher than the expected range for its initial public offering.The luxury maker of $900 goose down parkas priced its shares at 17 Canadian dollars, or $12.78, selling 20 million subordinate voting shares. According to the company, it will have a dual listing. The Toronto Stock Exchange has conditionally approved the listing, while the New York Stock Exchange has already approved the listing. The ticker symbol is “GOOS”. Dollar conversions are at current exchange. The pricing was initially expected at between 14 to 16 Canadian dollars, or $10.41 to $11.90.The shares are ended the day's trading session up $26.8 percent to close at $16.20.With a raise of 340 million Canadian dollars, or $252.8 million, the company has a market value of 1.82 billion Canadian dollars, or $1.35 billion. That’s significantly higher than the $250 million valuation range for the company in 2013 when Bain Capital acquired a 70 percent stake in the outerwear firm. Bain will continue to hold a controlling stake in the firm. About ten percent of the firm was sold through the IPO.Canada Goose is an outerwear brand best known for its cold weather parkers that retail for between $900 and $1,500. The firm’s registered trademarks are Canada Goose and Artic Program & Design.The company was founded in 1957 in a small Toronto warehouse. It also said in the prospectus that the company is “deeply involved in every stage of our business as a designer, manufacturer, distributer and retailer of premium outerwear for men, women and children.” The company is considering expansion into new markets that include knitwear, footwear and accessories.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion