The founder of DavidsTea Inc. is being sued by company shareholders seeking to have Herschel Segal removed as executive chairman and the election of a new board of directors. Three Highland Limited partnerships which together own 12.8 per cent of the Montreal-based beverage retailer’s shares filed suit in Quebec Superior Court against Segal and his investment firm Rainy Day Investments. Rainy Day Investments owns 46.4 per cent of DavidsTea shares. DavidsTea says the lawsuit is without merit and contains old, baseless allegations. Segal says in a statement that DavidsTea won’t be distracted by efforts to turn around the struggling retailer.
The Manulife Financial insurance company says it will launch the first medical marijuana program in Canada this fall in conjunction with Shoppers Drug Mart.
Aldo, a global leader in fashion footwear and accessories, unveils its new creative platform, Get Ready, kicking off with the fall 2018 campaign. Infused with dynamism and boldness, Get Ready taps into the notion of living life to the fullest, embracing the excitement and anticipation of life's most defining events. Aldo's new integrated worldwide campaign will live across all brand touch-points along the consumer journey, including advertising, online, mobile, in-store, out-of-home and social media programs as of August 9th, 2018.
George Weston Ltd. is forging ahead with its plan to reduce the number of different products offered by its bakery division but progress is slower than expected, chairman and CEO Galen G. Weston said
A new brand platform aims to celebrate the real everyday moments of a diverse range of Canadian women.