Article Date 15/09/2021

DavidsTea founder retires, replaced by wife who was former Le Chateau CEO

Source Global News

DavidsTea Inc.

DTEA-Q -2.65%decrease
 is keeping the company's leadership within the family as its co-founder retires from the company's board of directors and is replaced by his wife, the former CEO of insolvent clothing retailer Le Chateau.

The Montreal-based beverage company, which itself completed creditor proceedings, says principal investor Herschel Segal stepped down and was replaced as chairman by Jane Silverstone Segal. Also joining them on the board is their daughter Sarah, who is chief executive.

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