TORONTO — Canada Goose Inc. says its new store in Beijing has opened following a delay.
The Toronto-based luxury parka maker has said the delay was due to ongoing construction.
Breaking news from Canada and around the world
sent to your email, as it happens.
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.
Since Meng’s Dec. 1 arrest, Canada Goose’s stock has dropped by about 36 per cent to $57.06.
Earlier this year, Canada Goose announced its China expansion plan, which also involves an office in Shanghai and a store in Hong Kong.
More on Canada
Comments