CANADA GOOSE PREPARING FOR IPO, SOURCES SAY
Canada Goose Inc., a maker of luxury winter down jackets, is interviewing banks to help prepare for an initial public offering ( IPO) that could value the company at as much as $ 2 billion, sources familiar with the matter said on Friday. An IPO of Toronto-based Canada Goose would demonstrate the explosive growth the company has experienced, following its transition from selling jackets primar- ily to adventurers on expeditions to shoppers in more than 50 countries, eager to pay $ 1,000 for warm, high- end coats. Canada Goose, which started in a small warehouse in 1957, sold a majority stake in 2013 to Bain Capital LLC for an undisclosed amount, to help meet its growth ambitions. Under Bain’s ownership, the company achieved double-digit sales growth in 2014.