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DAVIDsTEA ( (TSE:DTEA) ) has provided an update.
DAVIDsTEA announced the passing of its founder, Herschel Segal, a pioneering entrepreneur who also founded the fashion retailer Le Château. Segal’s vision and values have significantly shaped DAVIDsTEA, and his legacy continues to influence the company’s growth and identity. Rainy Day Investments Ltd., Segal’s investment vehicle, remains the largest shareholder and intends to continue supporting the company. The board and management express their condolences to the Segal family and reaffirm their commitment to Segal’s vision for the company.
More about DAVIDsTEA
DAVIDsTEA is a specialty tea retailer offering high-quality proprietary loose-leaf teas, pre-packaged teas, tea sachets, and tea-related accessories. The company operates through its e-commerce platform, Amazon Marketplace, wholesale customers, and company-owned stores across Canada and the United States. Known for its innovative flavors and wellness-driven ingredients, DAVIDsTEA aims to make tea fun and accessible to all.
YTD Price Performance: -7.69%
Average Trading Volume: 17,832
Technical Sentiment Signal: Buy
Current Market Cap: C$16.17M
For detailed information about DTEA stock, go to TipRanks’ Stock Analysis page.