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.
@margotrobbie steps out onto the red carpet wearing @miumiu. The actress is nominated for “Outstanding Performance by a Female Actor in a Leading Role” in “I, Tonya” at the #SagAwards. (📷: Stewart Cook) #wwdfashion
For @massimogiorgetti of @msgm, the Nineties are his favorite decade. “They had a huge impact on my personal growth. What I like of the Nineties is that they are not so precise in terms of style as other decades…there was actually a bit of everything,” he said. As seen on MSGM’s Spring 2018 show: tie-dye and a bit of grunge, two styles that are synonymous with the decade #wwdfashion #wwddecades (📷: @kukukuba)
Breaking News: @hedislimane joins @celine as its new artistic, creative and image director. One of fashion’s preeminent image-makers and trendsetters, Slimane is to join the LVMH brand on Feb. 1 and unveil his first fashion proposition for men and women next September during Paris Fashion Week. It marks a major homecoming for Slimane, who cemented his reputation – and influenced men’s tailoring for more than a decade – as the designer of Dior Homme between 2000 and 2007. He went on to reinvent and ignite the house of Yves Saint Laurent, which he rechristened Saint Laurent, between 2012 and 2016 – all the while maintaining a close relationship with the Arnault family, which controls LVMH and Dior. Read the full exclusive story on WWD.com. Link in bio. #wwdnews #wwdfashion
“Personally I believe the Eighties have been the richest and more vivacious period for international fashion,” Giorgio Armani said when asked what his favorite decade of fashion is. It was a moment of disruption and experimentation and only thinking back to the first years of that decade is always an emotion for me, for what they have meant to me and my work.” The influence is clear in @giorgioarmani spring 2018 collection, pictured here, which was full of bright colors and unexpected prints. Read more about which decades designers loved most on WWD.com #wwdfashion #wwddecades (📷: @aitorrosasphoto)
For Lady Gaga’s only Italian show on her “Joanne World Tour,” the singer wore a range of @versace_official outfits. The standout piece: this custom-made bodysuit inspired by the brand’s spring 2018 collection. #wwdfashion (RG: @ladygaga)
@_camillaruth_ is expanding on the wellness-craze concept with @westbourne – a new NYC restaurant that’s both a healthy-minded café as well as a business that gives back to the community. Marcus works with the Robin Hood foundation to give back to The Door, a non-profit providing youth development services, and also hires employees through The Door. Read our full interview with Marcus on giving back through food on WWD.com. #wwdeye (📷: @lexieblacklock)