Canada Goose shares plucked amid international incident
By William Hennelly | China Daily | Updated: 2018-12-25 07:30
Canada Goose coats, which have enjoyed stratospheric sales around the world, got a lesson in the harsh realities of global markets after Chinese netizens recently called for a boycott of the producer of pricey parkas.
The stock of Canada Goose Holdings Inc, which has done business out of Toronto since 1957, has absorbed a 33.8 percent fleecing since Dec 3, probably because the coats are quite popular with Chinese.
Shares fell 5.7 percent on Thursday, down $2.76, to $45.99 in New York Stock Exchange trading.
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