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Goodwill | 12 Months Ended
--- | ---
Mar. 29, 2026
Intangible assets and goodwill [abstract] |
Goodwill | Goodwill Goodwill arising from business combinations is as follows:
| March 29, 2026 | March 30, 2025 |  |
| $ | $ |  |
Opening balance | 72.0 |  | 70.8 |  |  |
Impact of foreign currency translation | (0.9) |  | 1.2 |  |  |
Goodwill | 71.1 |  | 72.0 |  |  |
The Company has determined there to be 11 CGUs (March 30, 2025 - 11 CGUs) for which goodwill and indefinite life intangible assets are tested for impairment. The Company completed its annual impairment tests and concluded that there was no impairment in the years ended March 29, 2026 and March 30, 2025. The following table outlines the goodwill allocation for the applicable CGUs for the current year:
| March 29, 2026 | March 30, 2025
| $ | $
North America DTC - Retail | 13.8 |  | 13.4 |
North America DTC - e-Commerce | 7.1 |  | 7.0 |
North America Wholesale | 5.8 |  | 5.8 |
Asia Pacific DTC - Retail | 11.9 |  | 11.3 |
Asia Pacific DTC - e-Commerce | 3.0 |  | 2.8 |
Asia Pacific Wholesale | 3.8 |  | 3.8 |
EMEA 1 DTC - Retail | 4.8 |  | 4.7 |
EMEA 1 DTC - e-Commerce | 3.0 |  | 3.0 |
EMEA 1 Wholesale | 6.4 |  | 6.3 |
Japan Joint Venture 2,3 | 9.4 | 10.4
Paola Confectii 4 | 2.1 |  | 3.5 |
Goodwill | 71.1 |  | 72.0 |
1 EMEA comprises Europe, the Middle East, Africa, and Latin America. 2 Goodwill for the Japan Joint Venture includes JPY1,059.3m (CAD $9.2m); year-over-year movement in the balance in Canadian Dollars is due to the impact of foreign exchange translation from JPY to CAD of $(0.9)m. 3 See “Note 20. Related party transactions” for a definition of this CGU. 4 Goodwill for Paola Confectii prior to allocation is Romanian leu (“RON”) 28.1m (CAD $8.8m); year-over-year movement in the balance in Canadian Dollars is due to the impact of foreign exchange translation from RON to CAD of $0.1m. Key Assumptions The key assumptions used to calculate the VIU are those regarding discount rate, revenue and gross margin growth rates, sales channel mix, and growth in SG&A expenses. These assumptions are considered to be Level 3 in the fair value hierarchy. The goodwill impairment tests resulted in excess of recoverable value over carrying value of at least 39.7% for each CGU. Because the VIU amount exceeds the CGUs’ asset carrying amount, the CGU is not impaired and the fair value less costs of disposition has not been calculated. Cash flow projections were discounted using the Company’s weighted average cost of capital, determined to be 12.20% (March 30, 2025 - 12.30%) based on a risk-free rate, an equity risk premium adjusted for betas of comparable publicly traded companies, an unsystematic risk premium, country risk premium, specific risk premium, a cost of debt based on comparable corporate bond yields and the capital structure of the Company. Cash flow projections are based on management’s most recent forecasts over a five year period. A long term growth rate of 2% has been applied to cash flows beyond the forecasted period.

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- Definition The disclosure of goodwill. [Refer: Goodwill] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2027-01-01 -Name IAS -Number 1 -IssueDate 2025-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2025-en-b&anchor=para_10_e&doctype=Standard -URIDate 2025-03-27 + Details
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- References No definition available. + Details
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