Their winter jackets have been worn by the likes of actor Daniel Craig and supermodel Kate Upton. Canada Goose – a Canadian company founded 60 years ago – goes public today on stock markets in Toronto and New York. The Toronto-based company, known for its warm and expensive parkas with fur-lined hoods, is debuting with an initial public offering of 20 million shares. The company operates two retail stores in Toronto and New York and its pricey products can be found in 36 countries worldwide.
According to securities filings earlier this month, Canada Goose anticipates the shares will be priced between $14 to $16. People for the Ethical Treatment of Animals (PETA) has targeted Canada Goose for its use of coyote fur in its jackets and plans on buying about four-thousand-dollars worth of shares so it can attend annual meetings and urge it to stop the practice. Existing shareholders will hold 79 to 81 per cent of the company after the sale, The company will trade in Toronto and New York under the symbol GOOS. (The Canadian Press, Global News)