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China fines Canada Goose over misleading advertising: reports
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China has fined Canada Goose, a Canadian clothing company known for its outdoor apparel, over what it alleges to be misleading advertisement tactics, according to reports.
The country fined the clothing maker's Chinese unit $71,000 USD over its statement saying Canada Goose uses "the warmest material from Hutterite" in reference to a Western religious community that produces high-quality goose down, according to Canadian news outlet Baystreet.
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Shares for Canada Goose Holdings were down closed at $37.94 — down 5.88% from the previous day.