The Canadian national retail brand Roots Corp will be listed on the Toronto Stock Exchange in mid-September, and the investment outlook for Roots Corp. is not optimistic. Norman Levine, general manager of Portfolio Management Corp., said that (Canada: North America), which is listed in the United States at the same time, while the US stock market is relatively loose pricing, on the contrary, the Canadian stock market because of fair pricing, giving the public less investment opportunities The
David Cockfield, general manager of Northland Wealth Management, said the listing of Roots Corp. could be implicated in the weakness of the retail market, saying he was on the sidelines of Roots Corp.'s listing.
In addition, Roots Corp. grew at a compound annual growth rate of 14% in 2014-2020 and 20% over the same period Canada Goose Holdings Inc. Canadian goose and the recently listed service provider Aritzia Inc. (ATZ.TO).
Roots Corp. is currently the main market for the North American market, operating a total of 120 stores, and in mainland China and Taiwan market agents - Hong Kong's Group's profit holding agent 130 stores, while the IPO, the company no doubt Is to raise funds to further expand the two major markets.
It is reported that Roots Corp. hopes to add 25 stores in the Greater China market, while opening up emerging markets such as Singapore and Malaysia, and in 2016 Roots Corp. generated $ 281.9 million, an increase of 10%, but net profit from 16.5 million The Canadian dollar fell to $ 8.1 million.
Founded by Michael Budman and Don Green in 1973, Roots brand, founded at the beginning of the main hand, leather, and then joined the casual style, known as the Canadian national leisure brand in 2015, the two will be sold to private equity searchlightlight Search The
Roots Corp. has been a sponsor of the North American market for the US Salt Lake City Olympics in 2002, sponsoring clothing for the US delegation, and the company has been a sponsor of the Canadian Olympic delegation. The company said that despite limited investment in marketing, But the US business business to flourish, and footwear and leather goods business will be able to broaden the company's revenue sources.
Two years ago, the Toronto-based company agreed to sell the majority stake to New York-based private equity firm Searchlight Capital Partners.
Founded in 1973 by Michael Budman and Don Green, it originated in Toronto, a small store that now has more than 200 retail stores in Canada, the United States, according to its website, the Chinese mainland and Taiwan to sell from sportswear and bags to household goods product.
