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Canada Goose Holdings Inc said on Friday it is eyeing a strong holiday season this year, as the winterwear maker benefits from surging demand for its luxury parkas in China and remains insulated from a global supply chain crunch across the sector.
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Canada Goose still has room to fly. The Toronto-based winter-jacket firm said revenue excluding non-recurring sales rose 40% in the second quarter. The parka maker also lifted its outlook for total revenue in fiscal 2022, causing shares to soar over 16% on Friday.
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A group of bondholders including asset manager BlackRock and an affiliate of private equity firm Carlyle has become the top shareholder in French fashion company SMCP , taking on a 29% equity stake it now wants to sell.
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Second-hand clothing firms are fighting to snap up smaller rivals and lock in investment as demand for thriftwear booms on the back of supply chain snarl-ups for traditional retailers ahead of the peak holiday shopping period.
From research to agricultural and technical innovation and liberal government policies, Israel is a central hub for advancing medical cannabis.