Core Viewpoint - Bain Capital, the controlling shareholder of Canada Goose, is considering selling part or all of its 60.5% stake in the high-end functional apparel brand, with multiple acquisition offers received, valuing the company at approximately $1.35 billion, which is 8 times its average EBITDA over the past 12 months [1][3]. Group 1: Acquisition Interest - Advent International and Boyu Capital have made verbal offers for Canada Goose, with Advent focusing on consumer upgrades and healthcare, while Boyu is backed by top-tier limited partners [3]. - Other Chinese institutions, including Bosideng and a consortium formed by FountainVest Capital and Anta Group, have also expressed interest in acquiring Canada Goose [3][4]. Group 2: Company Background and Growth - Canada Goose was founded in 1957 and has transformed from a niche brand for extreme weather to a global luxury brand, significantly expanding its product line from 20 to 200 items under Bain Capital's ownership [4]. - The company went public in 2017, reaching a peak market value of over $7.8 billion, with the Greater China region becoming its largest market, accounting for nearly half of its global stores [4][6]. Group 3: Financial Performance - Canada Goose's sales growth has slowed significantly, with projected growth rates dropping from 21.54% to 1.1% from fiscal years 2022 to 2025 [6]. - In the first quarter of fiscal year 2025, Canada Goose reported a 22.4% year-over-year revenue increase to CAD 108 million, marking the largest growth in nearly nine quarters, with the Greater China region showing an 18.7% increase [6]. Group 4: Market Challenges - The luxury goods sector is experiencing a slowdown, and Canada Goose faces intense competition in China from brands like Lululemon and Arc'teryx, as well as local brands like Bosideng [6]. - The recent growth of Canada Goose is largely attributed to the expansion of its footwear and accessories categories, with plans to increase investment in sweaters, sunglasses, and shoes to transition into a year-round luxury brand [6][7].

Shares of Canada Goose Holdings are surging almost 13% in early trading Wednesday following a report that controlling shareholder Bain Capital has received takeover bids valuing the maker of high-end winter jackets at around $1.35 billion. https://t.co/2cuNWOfEua ...

Core Viewpoint - Canada Goose (GOOS.US) shares rose over 17%, reaching $14.249, following news of a privatization offer from private equity firms Hillhouse Capital and Advent International, valuing the company at $1.35 billion [1] Group 1: Company Developments - The controlling shareholder, Bain Capital, has received a verbal privatization offer for Canada Goose [1] - Bain Capital is considering selling its stake in Canada Goose, with Goldman Sachs acting as the advisor for the transaction [1] - Other potential buyers include Bosideng (03998) and a consortium formed by FountainVest Partners and Anta (02020) [1]

Core Viewpoint - The stock price of Canada Goose (GOOS.US) has risen over 17%, reaching $14.249, following news of a privatization offer from Bain Capital's controlling shareholder, valuing the company at $1.35 billion [1] Group 1: Company Developments - Bain Capital has received a verbal privatization offer from private equity firms Boyu Capital and Advent International [1] - Bain Capital is considering selling its stake in Canada Goose, with Goldman Sachs acting as the advisor for the transaction [1] - Other potential buyers include Bosideng (03998) and a consortium formed by FountainVest Partners and Anta (02020) [1]

Core Viewpoint - Canada Goose (GOOS.US) shares surged nearly 15%, reaching $13.97, marking a one-month high, following reports of a potential privatization offer for the company [1] Group 1: Company Developments - Bain Capital, the controlling shareholder of Canada Goose, has received a verbal privatization offer from private equity firms Hillhouse Capital and Advent International, valuing the company at $1.35 billion [1] - Bain Capital is considering selling its stake in Canada Goose, with Goldman Sachs acting as the advisor for the transaction [1]

Core Viewpoint - Canada Goose's stock price surged by 16.4% following reports that Bain Capital has received a privatization offer to acquire the winter apparel manufacturer [1] Group 1: Company Developments - Bain Capital is considering selling part or all of its stake in Canada Goose and has begun evaluating initial interest from potential buyers [1] - Bain Capital has been involved with Canada Goose for nearly 12 years, having acquired control in 2013 and led its IPO in 2017 [1]

Group 1 - Canada Goose's shares rose nearly 7% in premarket trading following reports of bids to take the company private [1] - Bain Capital, the controlling shareholder, is looking to sell its stake in Canada Goose with Goldman Sachs advising on the transaction [1] - The offers to take the Toronto-listed company private are based on confidential information from unnamed sources [2]

Group 1 - Bain Capital, the controlling shareholder of Canada Goose, is receiving bids to take the company private at a valuation of approximately $1.4 billion, with Goldman Sachs advising on the sale [1] - Private equity firms Boyu Capital and Advent International have made verbal offers valuing Canada Goose at around $1.35 billion, based on eight times its 12-month average EBITDA [2] - Other interested buyers include Bosideng International and a consortium formed by FountainVest Capital and Anta Sports Product, which previously acquired Amer Sports in 2019 [3] Group 2 - Industry watchers suggest that privatizing Canada Goose would provide buyers with greater autonomy to restructure the company without the scrutiny of regular financial disclosures [4] - Bain Capital is delaying a decision until more offers are received, with due diligence expected to take less than two months once a buyer is selected [4] - Canada Goose's shares have increased over 21% this year, raising its market value to $1.18 billion, although this is significantly lower than its 2018 peak of $7.7 billion [5] Group 3 - As of March, Bain Capital owned approximately 60.5% of Canada Goose's multiple voting shares, which provide 10 times the voting power of publicly traded stock, giving Bain 55.5% of the total voting power [6]

Business Strategy - Canada Goose is diversifying its product line to include sweaters, sunglasses, and shoes [1] - The company aims to transform into an all-season brand [1] - The strategy seeks to maintain customer engagement and spending between parka purchases [1]

Financial Data and Key Metrics Changes - Fiscal year 2025 was marked by meaningful progress for Canada Goose, with strong momentum across the brand, retail execution, and operational discipline [1][3] - The company reduced inventory for six consecutive quarters and improved inventory turns while maintaining discipline in selling, general, and administrative expenses [3] Business Line Data and Key Metrics Changes - The apparel category is now the fastest-growing segment, with the introduction of technically advanced rainwear and the first eyewear collection [2] - Strategic channel development led to stronger conversion rates across comparable retail stores and enhanced digital experiences through AI-powered tools [2] Market Data and Key Metrics Changes - The company focused on building brand heat through targeted marketing investments, which resulted in elevated global engagement and commercial results [1][2] Company Strategy and Development Direction - Canada Goose is entering fiscal year 2026 with a focus on long-term value drivers, emphasizing product, brand, and consumer experience [3] - The company aims to expand its product offerings to enhance year-round relevance and is building relevance across seasons and lifestyles [2] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's momentum and strategic execution, highlighting the importance of focused marketing and operational efficiency [1][3] Other Important Information - All dollar amounts referenced in the meeting are in Canadian dollars, and forward-looking statements are subject to risks and uncertainties [11] Q&A Session Questions and Answers - There were no registered shareholders or duly appointed proxy holders present for the Q&A portion of the meeting, leading to its cancellation [26]