User:CG Courtney/CG History Draft

History
In 1957, Polish-Jewish immigrant Sam Tick founded the company that would eventually become Canada Goose, under the name Metro Sportswear. The company's first products were wool vests, raincoats, and snowsuits. Tick's son-in-law David Reiss joined Metro Sportswear in 1972 and introduced a down-filling machine that allowed Metro to more efficiently produce winter jackets. By the late 1970s, the company was providing parkas to police, park rangers, and other public sector workers. It also sold designs to larger apparel manufacturers like L.L. Bean and Eddie Bauer. In 1982, Reiss succeeded Tick as the company's CEO. In 1985, Reiss acquired a majority stake in the company and changed its name to Snow Goose.

In 1997, David's son Dani Reiss joined the company, initially working in sales. In 2000, at Dani Reiss's urging, the company changed its name from Snow Goose to Canada Goose. The following year, Dani Reiss took over for his father as Canada Goose's new CEO. Under Reiss's leadership, the company made an effort to expand into Europe, selling its coats to boutiques in France and Germany.

In December 2013, Boston-based private equity firm Bain Capital acquired a 70% equity stake in Canada Goose at a $250 million valuation. Bain's purchase of a majority stake in the company came with a guarantee to keep manufacturing operations in Canada. At the time, the company had grown to approximately 1,000 employees and had recently opened new manufacturing plants in Toronto and Winnipeg. In December 2014, Canada Goose opened a showroom and a sales office in New York City. From 2001 to 2014, the company's sales revenue had grown from $3 million to $200 million.

In 2015, the company expanded its manufacturing capacity by building another new plant in Winnipeg and acquiring a second one in Toronto. It hired approximately 150 new staff members to work at these plants. In 2016, the company opened a store in Toronto's Yorkdale Shopping Centre.

The company announced preparations in November 2016 for an initial public offering and reported that it generated $291 million in revenue and $27 million in profit in 2016, against $278 million in debt. On March 16, 2017, shares of Canada Goose began trading on the Toronto Stock Exchange and New York Stock Exchange with the ticker symbol GOOS. The IPO was composed of 20 million shares selling for around $13 per share, and raised approximately $255 million in new revenue.

In June 2017, Canada Goose opened its first manufacturing facility in Quebec, a 95,000 square foot facility in Boisbriand. In October 2017, it opened its second United States store on the Magnificent Mile in Chicago. A third Winnipeg-based Canada Goose manufacturing plant opened in September 2018. This facility brought Canada Goose's employee count in Winnipeg to 1,700 workers. Two months later, the company expanded into China, establishing a store in Beijing.

In May 2019, the company opened its eighth Canadian production facility and first in Montreal. At this time, the company had grown to approximately 3,800 employees and its apparel was being sold in 40 countries.