he tension between Canada and China has now evidently boiled over into the luxury jacket market with Canada Goose deciding to delay the opening of its first outlet in mainland China.
The Toronto-based premium winter clothing manufacturer had been scheduled to open its flagship store in Beijing’s Sanlitun district on Saturday. However, on Weibo on Friday, the company informed its followers that the opening would be delayed due to unexplained “construction reasons.”
This comes after the company faced threats of a boycott from Chinese net users. Whenever their country gets into a diplomatic spat, Chinese consumers have been known to wage war against the enterprises of the rival nation and Canada Goose’s name leaves no doubt as to its origin. Since Canadian authorities arrested Huawei CFO Meng Wanzhou on December 1st, the company has seen its shares slip by 20 percent, according to Bloomberg.
Meng’s arrest has infuriated China which has warned that Canada will face “serious consequences” if she is not quickly released. This week, two Canadian nationals have been detained by China on suspicion of “harming state security.” While neither government has yet declared a link between the detentions, former Canadian ambassador to China, Guy Saint-Jacques told the Canadian Broadcasting Corporation, “In China there are no coincidences.”