Canada Goose implements organizational redesign for transformation

Canada Goose implements organizational redesign for transformation

Canada Goose (NYSE, TSX: GOOS) announces a redesign of our global corporate workforce, as part of our ongoing Transformation Program, representing a reduction of approximately 17% of corporate roles. The changes followed a comprehensive review of the organizational structure and roles needed to achieve our strategic objectives, which we anticipate will yield immediate cost savings, simplify organizational structure, accelerate decision making and increase efficiencies across our operating platform. Moving forward, cross-functional teams will be integrated, and business activities will be aligned to our go-forward strategy.

“Today, we are realigning our teams to ensure that corporate resources are fit for purpose to fuel our next phase of growth across geographies, categories, and channels,” said Dani Reiss, Chairman & CEO. “We are focused on achieving efficiency and margin expansion, while investing in key initiatives – brand, design and best-in-class operations – that will powerfully position our iconic performance luxury brand to deliver long-term growth.”

“While the decision to reduce our workforce was difficult, it was the right decision to put our business in the best position for the future,” continued Dani. “To those employees who are leaving us, thank you for choosing to spend part of your career at Canada Goose. I am personally grateful to each and every one of you and for the contributions you have made during your time with us.”

Canada Goose announces a 17% reduction in corporate roles, prioritizing efficiency and growth. CEO Dani Reiss emphasizes strategic investments in brand, design, and operations. Departing employees are thanked for their contributions. Further details, including Transformation Program impact and fiscal 2025 outlook, will be disclosed in May’s earnings call.

Canada Goose will provide full results for the quarter and year ending March 31, 2024 on its May 2024 earnings call, including further information on the Transformation Program and its impacts, and our outlook for fiscal 2025.

Note: The content of this press release has not been edited by Fibre2Fashion staff.

Fibre2Fashion News Desk (RM)

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