Stocks

Canada Goose to go fur-free by end of next year By Reuters

© Reuters. FILE PHOTO: People walk past an advertisement near the flagship store of Canadian luxury parka maker Canada Goose, in Sanlitun area of Beijing, China December 31, 2018. REUTERS/Martin Pollard

(Reuters) -Luxury parka maker Canada Goose Holdings (NYSE:) Inc said on Thursday it would stop making its products with fur by the end of 2022 as the company looks to become more environmentally conscious after years of backlash over its use of coyote fur.

Several Canada Goose peers, including Versace, Michael Kors and Gucci, have recently decided to go fur-free, while apparel makers Nike Inc (NYSE:) and Gap are looking to make their products more sustainable to cater to eco-conscious shoppers.

Canada Goose, known for its $1,000 parkas, will also stop buying fur by the end of this year. It had in 2020 unveiled plans to introduce reclaimed fur into its supply chain.

The company has long drawn criticism from animal welfare organizations such as the People for Ethical Treatment of Animals (PETA), which has called it a symbol that “represents anything but warmth,” as its winter parkas have their hoods lined with fur trim.

Canada Goose’s website, however, says it still uses natural down in jackets, even as PETA alleges the down industry uses painful methods to kill geese for making jackets.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button