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Canada Goose opens a store in Beijing after the delay



Canada Goose Inc., says that her new store in Beijing opened after the delay.

A luxury parquet manufacturer based in Toronto said the delay was due to ongoing construction.

The announcement of the delay took place in mid-December, amid rising tensions between China and Canada after the arrest of Chief Financial Officer Huawei Technologies Menga Wanzhou in Vancouver.

On the Weibo social network, Chinese consumers were having a chat that proposed a boycott of the expensive winter coat brand, after the Canadian authorities arrested the Chinese Technology Manager on December 1, at the behest of the United States.

Canada Goose shares fell about 36 percent since Meng's arrest, closing $ 57.06 on Friday, apparently due to fears of slowing sales.

Earlier this year, Canada Goose announced its expansion plan in China, which also includes an office in Shanghai and a Hong Kong store.


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