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Canada Goose Names Paul Cadman President of its Asia-Pacific (APAC) Division
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
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Rhea-AI Summary
Canada Goose has appointed Paul Cadman as President of Asia-Pacific (APAC), responsible for all business operations in the region. Previously, Cadman held leadership roles at prestigious luxury brands and has over 30 years of experience. The company has established a business worth over $250 million in APAC over three years. This strategic move is aimed at strengthening their brand presence and advancing their growth strategy, especially following recent store openings in cities like Beijing and Harbin.
Positive
Appointment of Paul Cadman as President, APAC, with a solid background in luxury goods.
Established over $250 million business in the APAC region in the past three years.
Recent store openings in key cities indicate ongoing expansion efforts.
Negative
None.
TORONTO--(BUSINESS WIRE)--
Canada Goose today announced the appointment of Paul Cadman as President, Asia-Pacific (APAC). In this role, he will oversee all business activities including commercial, financial and marketing across the APAC region, which includes Greater China, Japan, South Korea, Australia and New Zealand.
Paul Cadman joins Canada Goose as President, Asia-Pacific (APAC). (Photo: Business Wire)
“Paul is a trusted brand advisor, having consulted for us for years. His extensive knowledge in the luxury sector and his deep experience in developing brands across the region has provided our team with a valuable perspective,” said Dani Reiss, President & CEO, Canada Goose. “In the past three years, we have built more than a $250 million business in APAC and are encouraged by the long runway of potential for us. Paul’s experience, entrepreneurial nature and regionally-specific industry knowledge make him the best fit for the role as we strengthen our brand presence and further execute against our long-term growth strategy.”
Paul joins Canada Goose with more than 30 years of strategic luxury goods experience, having held leadership positions with global brands including Salvatore Ferragamo, Asprey & Garrard, Bvlgari and Estée Lauder. Most recently, he founded PMC Global Hong Kong Ltd., a strategic management and business consultancy focused on the luxury goods industry. Cadman also previously held a long-standing role as the Regional APAC CEO at Salvatore Ferragamo, leading the brand in the APAC region through its expansion and key business achievements.
“Throughout my career in the luxury goods industry, I have learned how to drive success and quality growth across the globe. I have long admired Canada Goose’s authentic heritage, functionality and its persistent innovation,” said Cadman. “There is so much enthusiasm for Canada Goose and I look forward to further elevating the brand and business in the APAC region.”
This announcement comes as Canada Goose continues to build and deepen its business across the entirety of Asia-Pacific, including its recent store openings in Harbin, Nanjing, Ningbo, Beijing, Taipei and Macau.
About Canada Goose
Founded in 1957 in a small warehouse in Toronto, Canada, Canada Goose (NYSE:GOOS, TSX:GOOS) is a lifestyle brand and a leading manufacturer of performance luxury apparel. Every collection is informed by the rugged demands of the Arctic, ensuring a legacy of functionality is embedded in every product from parkas and rainwear to apparel and accessories. Canada Goose is inspired by relentless innovation and uncompromised craftsmanship, recognized as a leader for its Made in Canada commitment. In 2020, Canada Goose announced HUMANATURE, its purpose platform that unites its sustainability and values-based initiatives, reinforcing its commitment to keep the planet cold and the people on it warm. Canada Goose also owns Baffin, a Canadian designer and manufacturer of performance outdoor and industrial footwear. Visit www.canadagoose.com for more information.
What is the significance of Paul Cadman's appointment at Canada Goose (GOOS)?
Paul Cadman's appointment as President of Asia-Pacific is significant as he brings over 30 years of luxury goods experience, which is expected to enhance Canada Goose's market presence in the APAC region.
How much revenue has Canada Goose generated in the APAC region recently?
Canada Goose has built a business worth over $250 million in the APAC region in the last three years.
What are the recent store openings for Canada Goose (GOOS) in Asia-Pacific?
Canada Goose has recently opened stores in major cities including Beijing, Harbin, Nanjing, Ningbo, Taipei, and Macau.
What is Canada Goose's growth strategy in the Asia-Pacific market?
Canada Goose's growth strategy in the APAC market focuses on strengthening brand presence and expanding through new store openings.
