Market Chatter: Canada Goose Holdings' Majority Shareholder Bain Capital Considers Stake Sale

MT Newswires Live
Jul 10

Canada Goose Holdings (GOOS) controlling shareholder Bain Capital is weighing a sale of its stake in the luxury clothing brand, Bloomberg News reported Wednesday, citing people familiar with the matter.

Bain is assessing interest from potential buyers while working with advisers to potentially sell part of or all its holding in Canada Goose, the people said, adding that other shareholders could also join the private equity firm in a deal.

The sources further told Bloomberg that the considerations are at an early stage and may not lead to a transaction.

Bain owned 60.5% of Canada Goose's multiple voting shares at the end of March, giving it 55.5% of the voting power at the company, according to the report.

Bain Capital and Canada Goose did not immediately respond to MT Newswires' request for comment on the matter.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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