Bain Capital Seeks $1.4B Privatization Bids for Canada Goose

Bain Capital, the controlling shareholder of Canada Goose, has received multiple bids to take the luxury outerwear maker private, with offers valuing the company at around $1.35 to $1.4 billion. Goldman Sachs is advising Bain on the potential sale, and the firm is waiting for additional proposals before making a decision. Interested bidders include private equity firms Advent International and Boyu Capital, Shanghai-based Bosideng International, and a consortium led by FountainVest Capital and Anta Sports. Canada Goose has faced recent revenue declines in key markets such as EMEA and China, prompting efforts to revitalize growth through increased marketing and product diversification beyond parkas. Despite challenges, the company's stock has gained over 21% this year, lifting its market value to approximately $1.18 billion. The privatization move could provide new owners with greater flexibility to restructure the business away from public market pressures.