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Canada Goose delays Beijing store opening because of construction


TORONTO — Canada Goose Inc. says the opening of its Beijing store has been delayed.

The Toronto-based luxury parka maker says in a statement to The Canadian Press that the delay is due to ongoing construction.

The company has not said when the store will open, but is promising to update consumers as soon as plans progress.

The announcement comes amid growing tensions between China and Canada following the arrest of Huawei chief financial officer Meng Wanzhou in Vancouver.

Since Meng's Dec. 1 arrest, Canada Goose's stock has dropped by about 22 per cent to $71.01.

Earlier this year, Canada Goose announced its China expansion plan, which also involves an office in Shanghai and a store in Hong Kong.

 

Companies in this story: (TSX:GOOS)

 

The Canadian Press

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