Advertisement
Canada Goose delays opening its first China flagship store amid tension over Canada’s role in the arrest of Huawei CFO Sabrina Meng Wanzhou
- Trendy down jacket maker was at start of its push in mainland China – the world’s largest luxury market – when Huawei executive was detained
- Canada Goose cites ‘construction’ for delay of store opening
Reading Time:3 minutes
Why you can trust SCMP
0
High-end down jacket maker Canada Goose is postponing the opening of its first flagship store in China – the world’s largest luxury market – amid growing tensions between Beijing and Ottawa following the arrest of Huawei chief financial officer Sabrina Meng Wanzhou.
Advertisement
The fashionable parka brand cited “ongoing construction” to the South China Morning Post as the reason why its first physical store – in trendy Taikoo Li Sanlitun in Beijing – will not open on Saturday, as originally scheduled. It emphasised it will continue with its plans for a big push in China, where it has gotten a boost from celebrities like billionaire Jack Ma being seen in photos wearing a Canada Goose coat.
The postponement of the flagship store comes as Canada Goose has emerged as one of the highest-profile business casualties in the diplomatic flare-up between China and Canada, which arrested Meng at the request of the United States on fraud charges related to Iran sanctions.
Since Meng’s arrest, China has detained two Canadian citizens, a former diplomat and a businessman, underscoring the escalation of tensions.
Shares of Canada Goose have plunged 20.6 per cent since December 3, the first trading day after news of Meng’s arrest in Vancouver. In China, netizens and state-run media have called for a boycott of Canada Goose products.
Advertisement
Advertisement