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Reitmans Ord Shs V.RET

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

Consumer Cyclical Apparel Stores
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 > L2
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Comment by nedstar71on Dec 18, 2022 11:13pm
134 Views
Post# 35178923

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:L2

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:L2
RedeyeGarf2 wrote: Not far fetched. For example, Fairfax Financial who are known as a value investors bought Reitman but it did not work out for them. They sold out in 2019, lost a bundle.

https://financialpost.com/news/retail-marketing/reitmans-shares-surge-after-fairfax-buys-stake

https://www.thestar.com/business/2019/08/07/fairfax-financial-sells-large-stake-in-reitmans-for-about-22-million.html



Interesting.  Their shares were bought through an SIB that was initiated when RET.A shares were trading right about where they are now.  SIB was at $3 and they took back almost 15 million shares or 1/3 of the total outstanding.  Don't think they'd get that many tendered today at $3.  Even back then over 7 million were from Fairfax.
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