The transaction is valued at approximately $2.2 billion, including net debt. Upon completion of the transaction, The Jones Group will become a privately held company.
Effective January 1, 2014, the integrated North America business will be segmented into a traditional company and bottler operating model that will better suit the unique needs of the North America market.
Canada Goose announces the completion of a definitive agreement to sell a majority stake in the company to Bain Capital, a global private investment firm.
The new CEO comes after Christine Day stepped down, who served the company during an embarrassing sheer-pants quality problem and controversial remarks made by founder Chip Wilson.