Canada Goose ADRs jump after report of take-private bids at $1.4 billion valuation

U.S.-listed shares of Canada Goose's GOOS.TO, GOOS.N rise 8.9% to $13.25 premarket

The luxury goods maker's controlling shareholder Bain Capital has received bids to take the luxury goods maker private at a valuation of about $1.4 billion, CNBC reports

Stock has risen 21.3% YTD and closed at a valuation of $1.18 billion on Tuesday

Private equity firm Bain, which acquired Canada Goose in 2013, is looking to offload its holding, per report

Reuters could not immediately verify the report. Canada Goose and the interested parties did not immediately respond to Reuters requests for comment. Bain declined to comment

In late July, GOOS posted a bigger-than-expected quarterly loss, hit by higher costs from efforts to expand its retail presence and promotional campaigns