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Canada Goose poised for UK retail debut

Canada Goose is close to finalising a deal for its first UK store on London’s Regent Street, Drapers understands.

The Canadian luxury outerwear brand is set to open at 244 Regent Street on the site of the former Armani Exchange store, which closed its doors around a month ago.

Canada Goose opened its first stores in Toronto and New York at the end of last year, having made a series of appointments to expand globally and roll out stores.

At the time, president and chief executive of Canada Goose Dani Reiss said opening stores was “something I have always dreamed of”.

The firm made its ecommerce debut in Europe in September last year, selling direct to consumers in the UK and France.

The business, which was founded almost 60 years ago, launched its first ecommerce site in Canada in 2015 and said it has since observed growing demand for its products online. It chose the UK and France for its launch into Europe because they are its fastest-growing markets on the continent.

Canada Goose has 95 wholesale stockists in the UK, including Harrods and Harvey Nichols.

Retail property consultancy Harper Dennis Hobbs has been advising Canada Goose on its search for a UK store, but declined to comment.

A company spokeswoman said: ”Canada Goose will continue to consider new opportunities. However, it is our policy not to comment on rumours or speculation.”

Armani Exchange closed six of its eight UK stores, including its flagship on Regent Street earlier this year. The stores at Bluewater in Kent, Intu Trafford Centre in Manchester, Met Quarter in Liverpool, Trinity shopping centre in Leeds and the Friary in Guildford have all closed, while the Westfield London and York Designer Outlet stores continue to trade.

Giorgio Armani bought back the licence from Club 21 at the end of last year. The leases, which are understood to have been held by Singapore fashion licensee Club 21, have been surrendered back to the landlords to be re-let.

 

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