Canada Goose Delays Beijing Opening

Canada Goose logo 2

CBJ — Canada Goose has delayed opening a flagship store in Beijing as tensions grow between China and Canada over the arrest of a hi-tech executive, who the United States wants extradicted for alleged business violations relating to sanctions against Iran.

Relations have been strained since the arrest of Meng Wanzhou, the chief financial officer of telecom giant Huawei, in Vancouver on December 1 at the request of the United States.

Chinese social media users have threatened to boycott the luxury brand since the arrest as a retaliatory measure.  Meanwhile, the Chinese government has already retaliated, with the detainment of a Canadian diplomat and an entrepreneur.

Canada Goose, which sells Arctic-ready coats with a price tag of more than $1,000, opened a store in Hong Kong last month.

Canada Goose launched a strategy for long-term growth in China in May, which includes a regional head office in Shanghai.

@CanBizJournal

 

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