Canada Goose, the Toronto-based luxury outerwear brand, has made a significant move to strengthen its global footprint with the acquisition of Paola Confectii Manufacturing, a leading luxury knitwear producer based in Romania. This strategic development marks Canada Goose’s inaugural European facility and aligns with its Strategic Growth Plan, emphasizing category expansion and global market prominence throughout the year.
Paola Confectii, a trusted manufacturing partner since 2017, has played a pivotal role in producing Canada Goose’s best-selling styles, including the iconic HyBridge Knit Jacket. The acquisition is a testament to Canada Goose’s commitment to fortifying its vertically integrated supply chain and enhancing its renowned manufacturing infrastructure.
Under the new ownership structure, Giannino Lessi, General Manager, and Paola Zaffalon, Technical Director, will continue to lead Paola Confectii as an independent entity, ensuring the seamless continuation of regular operations.
Dani Reiss, Chairman, and CEO of Canada Goose, expressed the significance of this strategic move, stating, «This investment advances our manufacturing infrastructure and validates the performance luxury brand we are today. It underscores our confidence in emerging categories and our plans to develop them into meaningful contributors to our business.»
The luxury knitwear segment has been instrumental in Canada Goose’s success, contributing over $70 million in annual sales in fiscal 2023. While the core down-filled products remain proudly Canadian-made, the acquisition reinforces Canada Goose’s commitment to European facilities for expanding its apparel production.
This strategic acquisition positions Canada Goose for sustained growth and innovation, solidifying its presence as a leader in the global luxury apparel market. Explore the enhanced capabilities and expanded offerings as Canada Goose continues to make waves in the fashion industry.
