DAVIDsTEA Announces the Passing of Founder Herschel Segal

Core Insights - The passing of Herschel Segal, founder of DAVIDsTEA, is a significant loss for the company and the retail industry [1][4] - Segal was a pioneering entrepreneur who also founded Le Château, influencing Canadian retail culture [2] - His vision and principles of accessibility, innovation, and community continue to shape DAVIDsTEA's identity [3] Company Overview - DAVIDsTEA offers a wide selection of high-quality proprietary loose-leaf teas, pre-packaged teas, and tea-related accessories through various platforms including e-commerce and wholesale [6] - The company operates over 20 company-owned stores in Canada and has partnerships with more than 4,000 grocery stores and pharmacies [6] - DAVIDsTEA focuses on innovative flavors and wellness-driven ingredients, launching seasonal collections to make tea fun and accessible [6] Leadership and Shareholder Information - Jane Silverstone Segal, the Chair of the Board, expresses commitment to continuing Herschel Segal's vision and emphasizes the support from Rainy Day Investments, the largest shareholder [5] - The company acknowledges the contributions of Herschel Segal to its growth and identity, highlighting the importance of his leadership [4][5]