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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (78395)3/4/2020 8:21:26 AM
From: Goose94Read Replies (1) | Respond to of 203765
 
Canada Goose Holdings (GOOS-T) Shot Down in Flames Canadian businesses have included new disclosures in their financial reports which outline the impact coronavirus could have on their operations.

The lawyers who advise on corporate governance say publicly traded companies are seeking advice on how to disclose risks related to the global outbreak of COVID-19, the disease the coronavirus causes.

Fears have intensified in recent weeks. "Some have already issued their annual filings and others are in the process of doing so as we speak," said Gowling WLG LLP's Kathleen Ritchie in Toronto.

Ms. Ritchie said that since the beginning of the year, 161 companies have filed 271 documents with SEDAR that include the words "coronavirus" or "COVID-19." Expansion into the Chinese retail market is a key strategy for apparel-maker Canada Goose Holdings, which noted in a filing that the outbreak "developed ahead of a peak travelling and shopping season around the Lunar New Year on Jan. 25.?

Canada Goose said in early February that it would revise its outlook for fiscal 2020, stating, "The health crisis has resulted in a sharp decline in customer traffic and purchasing activity."