The company, known for its casual wear and leather goods with a distinctive beaver logo, said New York-based private equity firm Searchlight Capital Partners LP and founders Michael Budman and Don Green are selling their stake.
The retailer is seeking to raise about C$200-million in the share sale this month and could have a market value of about C$700-million ($574-million) after listing, Bloomberg reported, citing people familiar with the matter.
The shares will trade on the Toronto Stock Exchange under the symbol ROOT, according to the regulatory filing...
The North American retail landscape is going to look a lot more cheap and cheerful as dollar stores occupy more of the brick-and-mortar spaces abandoned by up-market rivals.
The rise of the dollar store appears to be part of a broader resurgence in physical retail that clashes with long-held assumptions about powerful e-commerce players like Amazon’s impact on traditional shopping habits.
With no formal design training or experience, entrepreneurs with business backgrounds are braving the garment industry - but why?
Convincing Amazon to locate the campus it is calling HQ2 north of the border could be a tall — not to mention expensive — order for Canadian cities.
“This would be a major political statement in the United States of America if Amazon stood up and said the next 50,000 jobs we create are going to Canada and not the United States."
Menswear is the next venture for the value-focused retailer as it continues to grow.