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Canada Goose opens store in Beijing after construction delay

Click to play video: 'Canada Goose’s stock plummets amidst Canada-China dispute' Canada Goose’s stock plummets amidst Canada-China dispute
WATCH (Dec. 11): Canada Goose's stock plummets amidst Canada-China dispute – Dec 11, 2018

TORONTO — Canada Goose Inc. says its new store in Beijing has opened following a delay.

READ MORE: Canada Goose delays China flagship store opening, citing ‘construction’ issues amid Huawei spat

The Toronto-based luxury parka maker has said the delay was due to ongoing construction.

The announcement of the delay came in mid-December, in the midst of growing tensions between China and Canada following the arrest of Huawei chief financial officer Meng Wanzhou in Vancouver.

READ MORE: Canada Goose’s stock plummets amidst Canada-China dispute

Since Meng’s Dec. 1 arrest, Canada Goose’s stock has dropped by about 36 per cent to $57.06.

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

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