Bain Capital is exploring strategic options for its controlling interest in Canada Goose Holdings, including a potential sale of part or all of its stake in the Toronto-based luxury outerwear brand, according to a report by Bloomberg citing sources familiar with the matter.
The Boston-based private equity firm is working with advisers to assess interest from potential acquirers, including other private equity groups. Discussions are said to be at a preliminary stage, and no final decision has been made, the sources said. Additional shareholders could also participate in any prospective transaction.
Bain first invested in Canada Goose in 2013, taking the company public four years later. As of March 2025, Bain retained control of 60.5% of Canada Goose’s multiple voting shares – an unlisted class carrying 10 times the voting rights of ordinary shares – representing 55.5% of total voting power, per regulatory filings.
Shares in Canada Goose have risen approximately 23% year-to-date, valuing the company at $1.26bn. For the fiscal year ending March 2025, the company reported CAD1.3bn in revenue and CAD95m in net income. It did not issue forward guidance, citing macroeconomic headwinds and evolving consumer demand.
Founded in 1957, Canada Goose has evolved into a globally recognised luxury brand, operating 74 stores across major international markets. In May, the company noted that recent US tariffs have had minimal impact on operations, thanks to its domestically anchored Canadian supply chain.
