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Anta Sports has denied reports suggesting the Chinese sportswear giant is planning to acquire the Canadian luxury outerwear brand, Canada Goose. The company clarified in a filing with the Hong Kong Stock Exchange yesterday that it is not involved in any potential acquisition of Canada Goose.
Recent reports indicated that Bain Capital has received multiple offers to sell Canada Goose, which it values at approximately USD 1.4 billion. Private equity firms Boyu Capital and Advent International have reportedly submitted bids. Other interested buyers include Chinese outerwear manufacturer Bosideng International Holdings and a consortium comprising Anta Sports and FountainVest Partners—an investment firm that purchased Finnish sports gear manufacturer Amer Sports in 2019.
A private equity investor informed the press that several Chinese firms have engaged in discussions about acquiring Canada Goose, although no agreements have been finalized.
Bain Capital first bought a controlling stake in the company for USD 250 million in 2013, which paved the way for its dual listing on the New York and Toronto stock exchanges in 2017.
Canada Goose’s revenue declined by 1.1% to CAD 1.4 billion (roughly USD 1 billion) in the fiscal year ending March 31, 2025, compared to the previous year. Their sales growth has been slowing, rising 22% in 2022, 11% in 2023, and just 9.6% last year. The company also delayed its forecast for fiscal year 2026, citing tariff uncertainty. Its current market valuation is around USD 1.2 billion.
Industry insiders in footwear and apparel told the press that the market has underperformed this year, prompting many brands to consider selling.
“We remain committed to strengthening our existing brands by unlocking their growth potential, while also pursuing strategic acquisitions,” said Ding Shizhong, chairman of Anta Sports, during an earnings call on August 27.
The company plans to prioritize acquisitions that align with its growth strategy, focusing on brands with strong heritage and value. The goal is to enhance their worth through strategic transformation and investments in emerging brands with high potential, fostering early partnerships to facilitate mutual growth.
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