Canada Goose acquires knitwear manufacturer Paola Confectii

Canada Goose has recently announced the acquisition of the operating assets of Paola Confectii Manufacturing for an undisclosed sum. 

Building upon its existing network of seven facilities across Canada, the acquisition marks the company’s first European facility, and supports its strategic growth plan, specifically expanding existing categories and increasing year-round relevance.

Based in Romania, Paola Confectii has been a trusted partner in manufacturing luxury knitwear for Canada Goose since its launch in 2017, producing a range of styles including the HyBridge Knit Jacket. 

Knitwear is one of the leading segments of Canada Goose’s growing apparel category, which exceeded $70m (£55m) in annual sales in fiscal 2023. The partnership is expected to enhance product margins and supply control, while deepening in-house product expertise.

The luxury retailer has said that its products will continue to be made in Canada, while apparel production will continue to be concentrated within “best-in-class” European facilities. 

Paola Confectii will continue to be led by Giannino Lessi, general manager, and Paola Zaffalon, technical director, as a standalone entity, maintaining regular operations.

Dani Reiss, chairman and CEO of Canada Goose, said: “Our vertically integrated supply chain has always been one of our core competencies. This strategic investment advances our renowned manufacturing infrastructure and validates the performance luxury brand we are today. 

“It also demonstrates the confidence we have in our emerging categories and our plans to develop these categories into even more meaningful contributors to our business.”