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.

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Reitmans Ord Shs > The Risk of Investing in a Dual Listed Family Business

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Comment by churchofnutsaccon Apr 14, 2023 10:12am

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Post# 35395007

RE:RE:The Risk of Investing in a Dual Listed Family Business

It has everything to do with dual shares.

Imagine Suncor reporting that it was sitting on 60% of its market cap in cash, while debt free while only paying bonuses to management with no additional plans to return that cash back to share holders.

How do you think Elliott Capital would react? The CEO would be gone by the weekend.

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