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Canada Goose Acquires Winter-Boot Maker Baffin to Enter Footwear

Icefield boot by Baffin
Icefield boot by BaffinSource: Baffin

Canada Goose Holdings Inc. has acquired winter-boot company Baffin Inc. in its first foray into footwear.

The coatmaker, which purchased the company for C$32.5 million ($24.8 million) in cash and stock, will use Baffin’s bootmaking proficiency to create its own cold-weather footwear, while letting the brand operate independently as a subsidiary.