Company News

BUZZ-Canada Goose: Up after first mainland China store draws huge crowds

** U.S.-listed shares of Canadian retailer up 6.5 pct at $44.50 in light pre-market trading

** Large crowds have flocked to GOOS’ first outdoor-wear store in mainland China, since its opening on Friday, despite sub-freezing temperatures

** In recent weeks, many on Chinese social media have been calling for the boycott of GOOS products following Canada’s arrest of Huawei Technologies Co’s CFO Meng Wanzhou

** GOOS shares have fallen about 37 percent in Toronto trading since Wanzhou detention and the ensuing strains between the two countries

** Up to Friday’s close, U.S.-listed stock had risen 32.4 pct this year (Reporting by Debroop Roy in Bengaluru)