Business

Parkas maker Canada Goose targets a $2 billion listing | London Evening Standard

Coats-maker Canada Goose will soon offer its legion of celebrity fans an opportunity to buy its shares as well as its parkas as it prepares to go public.

Parkas maker Canada Goose targets a $2 billion listing | London Evening Standard
Parkas maker Canada Goose targets a $2 billion listingStar approval: James Bond star Daniel Craig, pictured with Lea Seydoux, wears Canada GooseAP

Coats-maker Canada Goose will soon offer its legion of celebrity fans an opportunity to buy its shares as well as its parkas as it prepares to go public.

The 60-year-old company — known for its down-filled jackets with coyote fur hoods like the £950 Expedition Parka — filed for a listings in New York and its home town of Toronto.

It hopes to raise $300 million (£241 million) in the deal, which could value it at $2 billion. The cash will be used to raise its profile overseas, bolster its wholesale network and grow its online sales.

The brand has long been a staple item on Arctic adventures and film sets, but has gone mainstream in recent years as actors like Emma Stone, Bradley Cooper and Daniel Craig cemented its status as a fashion must-have.

UK shoppers can buy its goods in stores like Harrods and Selfridges as well as online.

Sales have been growing at close to 40% over the past three years, while profit has almost tripled. In its financial year ended last March, revenue was $290.8 million and profit was $30.1 million.