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Reitmans Ord Shs V.RET

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

Consumer Cyclical
Reitmans (Canada) Limited is a Canada-based specialty apparel retailer for women and men, with retail outlets throughout the country. The principal business activity of the Company is the sale of women’s wear. The Company operates three different brands: Reitmans, Penningtons and RW&CO. The Reitmans banner is a specialty fashion destination. The Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-size fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada, as well as an ecommerce site at penningtons.com. RW&CO. operates stores averaging 4,500 square feet in premium locations in shopping malls, as well as on their e-commerce site. Specializing in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. It operates approximately 391 stores under three distinct banners consisting of 226 Reitmans, 85 Pennington, and 80 RW&CO.


TSXV:RET - Post by User

Reitmans Ord Shs
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Comment by tompernson May 21, 2020 9:16am
306 Views
Post# 31055340

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ccaa

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:ccaaI agree with your comments but i do not have answers. According to their audited statements the $100M of real estate is debt free. Why they didn't proactively go add a mortgage on the properties to raise money is beyond me. It's either incompetence or maybe more along the lines of what you have suggested.
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Dealroom for high-potential pre-IPO opportunities