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 > IDG…Superb Complementarity with RET

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Comment by pennylane101on Jun 09, 2023 8:19am

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Post# 35488098

RE:RE:IDG…Superb Complementarity with RET

Personally, I don't see how the Reitman family would accept $75 million for the business considering their real estate holdings alone are over $100 million. I would also think that in the event of a change in control, that minority shareholders, including non-voting shares would have a say in the matter.

As for Andrea jumping ship... maybe she hasn't left the Reitmans umbrella of companies and that is why no announcement as to her "departure" has been made.

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