Bosideng warms up, Canada Goose suffers chill
By Ouyang Shijia and Wang Zhuoqiong | China Daily | Updated: 2018-12-13 07:18
While the ice-cold winter weather has brought subzero temperatures to parts of the world, two winter-coat heavyweights are experiencing markedly different business climates.
Shares of Canada Goose Holdings Inc, the maker of premium parkas, slumped almost 20 percent during the past week on the Nasdaq. During the same period, Hong Kong-listed Chinese down-coat maker Bosideng International Holdings Ltd, surged 14 percent to a five-year high.
Analysts noted that the fluctuation of Canada Goose's stock prices has been impacted by the recent social criticism of the killing of wild animals. Some experts said the apparel company's stocks have been impacted by the arrest of Meng Wanzhou, chief financial officer of Huawei Technologies Co.
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