Paola Confectii operates a production unit in Titu, Dambovita, and has been a partner of Canada Goose since 2017.
The deal was structured as a business transfer and PwC Romania and D&B David si Baias offered assistance from the part of the seller during the entire deal.
In the wake of the deal, Paola Confectii will continue to be led by Giannino Lessi, general manager, and Paola Zaffalon, technical director, as a standalone entity, maintaining its usual operations.
The Titu-based company posted RON95 million turnover in 2022 and has in recent years collaborated with international brands such as Prada, Valentino and Moncler. The Romanian producer has 250 employees and a RON16 million net profit last year.
Set up in 1957 in a small warehouse in Toronto, Canada Goose is one of the best-known brands globally.
(English version by Catalina Apostoiu)