Canada Goose to co-opt former Chanel CEO on to board of directors
Canada Goose is keen to acquire greater influence in the luxury segment. Last year, the premium parka and down jacket label was listed on the stock exchange, and it is now looking to strengthen its board of directors with a top luxury industry figure, by co-opting Maureen Chiquet. Her arrival will be approved by a shareholder’s vote at the company's AGM scheduled in Toronto on 15th August.
Chiquet was global CEO of Chanel for more than ten years, and Dani Reiss, Canada Goose's CEO, wants her to join the Canadian label as an independent director, to tap her experience and accelerate the label's expansion.
In a press release, Reiss wrote that "her tried and tested know-how in international corporate growth and her tangible record in achieving brand excellence will be priceless for us, as we continue to expand our global presence and create a sustainable label."
Maureen Chiquet combines a track record working for companies like Gap and L'Oréal with an emphasis on creativity and artistic talent, both assets for a successful business career. She recently published 'Beyond the Label: Women, Leadership & Success on Our Own Terms', a book about her experience as a woman in charge of major corporations.
Chiquet is currently a director of the New York Academy of Arts and of Yale Corporation, as well as Associate Professor at Yale University, where she was awarded a BA degree in Literature.
Her vision will be a crucial extra asset in boosting the expansion of Canada Goose, which has recently opened two additional manufacturing facilities in Canada, as well as developing its lifestyle lines and inaugurating flagship stores in major cities worldwide.
In the last fiscal year, closed at the end of March, the label's sales jumped to CAD404 million (€265 million), up by nearly 39% compared to the previous year.
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