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.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim