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Reitmans Ord Shs V.RET

Alternate Symbol(s):  RTMAF | V.RET.A | RTMNF

Reitmans (Canada) Limited is a Canada-based women's specialty apparel retailer with retail outlets throughout Canada. The principal business activity of the Company is the sale of women’s wear. The Company operates through the sale of women’s specialty apparel to consumers through its retail banners. The Company operates under three banners: Reitmans, Penningtons and RW&CO. Reitmans is a specialty fashion destination. Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-sized fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada. RW&CO. operates stores in shopping malls, as well as on their e-commerce site. RW&CO. specializes in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. The Company operates 406 stores consisting of 235 Reitmans, 91 Penningtons and 80 RW&CO.


TSXV:RET - Post by User

Comment by Mephistopheles3on Aug 09, 2022 6:35am
98 Views
Post# 34880794

RE:RE:RE:Transfer to TSX...

RE:RE:RE:Transfer to TSX...I was curious about this and looked up the requirements to be listed on the TSX as opposed to the Venture.  From what I see, they do meet the requirements as the asset requirement is net tangible assets of $7.5 million.  However, there are increased fees to be on the TSX.

Looking at Roots (which is much better managed), their market cap is only $130 million which isn't hugely different vs. RET.  

I think what probably makes more sense assuming RET returns to strong profits over the next year is just to go private as opposed to uplisting.  Public markets are really for expansion and I think RET is done with opening up hundreds of new stores as opposed to 1-2 stores here and there.  It doesn't make that much sense for them anymore to be publicly listed when they are just a family run business - the private markets will hammer the valuation becuase of this as opposed to Canada Goose or Roots.
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