Toronto-based outerwear brand, Canada Goose, has made a significant move in its Strategic Growth Plan by acquiring Paola Confectii Manufacturing, a luxury knitwear producer based in Romania. This marks the first European facility for Canada Goose and demonstrates the brand’s commitment to expanding its product categories and increasing its global reach.

Paola Confectii has been a crucial manufacturing partner for Canada Goose since the brand’s launch in 2017. They have played a vital role in producing some of the brand’s best-selling styles, including the popular HyBridge Knit Jacket. With this acquisition, Canada Goose aims to strengthen its presence in the luxury knitwear segment and establish itself as a leader in the industry on a year-round basis.

Despite the acquisition, Paola Confectii will maintain its status as a standalone entity. Giannino Lessi will continue as the general manager, and Paola Zaffalon will serve as the technical director, ensuring smooth operations and a seamless transition for both companies.

The Chairman and CEO of Canada Goose, Dani Reiss, expressed his excitement about the acquisition, highlighting how it enhances the brand’s renowned manufacturing infrastructure and reinforces its reputation as a performance luxury brand. Reiss also emphasized the brand’s confidence in its emerging categories and its plans to develop them into significant contributors to its overall business.

The luxury knitwear segment has been instrumental in Canada Goose’s growth within the apparel category. In fiscal 2023, annual sales for this segment exceeded $70 million. With this acquisition, Canada Goose strengthens its position as a leader in the industry and solidifies its presence in the luxury knitwear market.

The addition of Paola Confectii’s manufacturing facility in Romania joins Canada Goose’s existing network of seven facilities in Canada. The brand remains committed to producing its core down-filled products in Canada while expanding its apparel production capabilities in European facilities.

Overall, this acquisition speaks to Canada Goose’s dedication to strategic growth and its continuous efforts to enhance its manufacturing capabilities. With the establishment of its European facility, the brand is well-positioned to broaden its global market reach and firmly establish itself as a leader in the luxury outerwear industry.

For more information about Canada Goose and its acquisition of Paola Confectii Manufacturing, please visit Canada Goose’s official website. Additionally, you can learn more about Paola Confectii and their luxury knitwear production at Paola Confectii’s official website.