Latest news with #LeChâteau
Yahoo
11-05-2025
- Business
- Yahoo
Herschel Segal, founder of DavidsTea and Le Château, has died
Herschel Segal, the founder of DavidsTea and the fashion retail brand Le Château, has died. DavidsTea sells tea online as well as in grocery stores and convenience stores in Canada and the United States. The company also has 20 stores across Canada. The Montreal-based company announced Segal's death in a news release on Saturday. It says he died on Tuesday. Segal retired from DavidsTea's board of directors in 2021. His wife, Jane Silverstone, is the board's president and his daughter, Sarah Segal, is listed on the company's website as its director as well as chief executive and chief brand officer. Herschel launched Le Château in the late 1950s. The clothing brand was a major success with young consumers and a staple in shopping malls in the 1980s and 1990s, before companies like H&M and Zara entered the Canadian market. Le Château filed a request for creditor protection in 2020 and its stores were ultimately liquidated. Saturday's news release from DavidsTea highlights how Segal "always led his companies with vision, determination and a strong belief in the importance of customer relations." The company describes him as a strong advocate for innovation, accessibility and community spirit. "Herschel's legacy lives on through DavidsTea and I am committed to continuing his vision," said Silverstone, his wife, in the news release. Rainy Day Investments, Segal's investment company and the largest shareholder of DavidsTea, plans to remain a shareholder in the long term, the news release reads.
CBC
11-05-2025
- Business
- CBC
Herschel Segal, founder of DavidsTea and Le Château, has died
Social Sharing Herschel Segal, the founder of DavidsTea and the fashion retail brand Le Château, has died. DavidsTea sells tea online as well as in grocery stores and convenience stores in Canada and the United States. The company also has 20 stores across Canada. The Montreal-based company announced Segal's death in a news release on Saturday. It says he died on Tuesday. Segal retired from DavidsTea's board of directors in 2021. His wife, Jane Silverstone, is the board's president and his daughter, Sarah Segal, is listed on the company's website as its director as well as chief executive and chief brand officer. Herschel launched Le Château in the late 1950s. The clothing brand was a major success with young consumers and a staple in shopping malls in the 1980s and 1990s, before companies like H&M and Zara entered the Canadian market. Le Château filed a request for creditor protection in 2020 and its stores were ultimately liquidated. Saturday's news release from DavidsTea highlights how Segal "always led his companies with vision, determination and a strong belief in the importance of customer relations." The company describes him as a strong advocate for innovation, accessibility and community spirit.
Yahoo
11-05-2025
- Business
- Yahoo
Herschel Segal, founder of Canadian brands Le Château and DavidsTea, has died
MONTREAL — Specialty tea provider DavidsTea Inc. says co-founder Herschel Segal, who also launched the Canadian fashion retailer Le Château, has died. The Montreal-based company issued a news release on Saturday saying Segal died on May 6 in Montreal. His age was not given. Segal retired from the board of directors of the beverage company in 2021, but his wife, Jane Silverstone Segal, remains chair of the board and his daughter, Sarah Segal, is the company's CEO and chief brand officer. Herschel Segal started Le Château in the late 1950s, and the clothing brand became a mall staple and a hit with young shoppers in the 1980s and '90s before foreign retailers like H&M and Zara entered the Canadian market. The company ultimately filed for creditor protection in 2020 and the stores were liquidated. The news release from DavidsTea says Segal "brought vision, determination, and a strong belief in customer connection to every venture he led," adding he was also a consistent champion for accessibility, innovation and a sense of community. 'Herschel's legacy lives on through DavidsTea and I am committed to continuing his vision,' Silverstone Segal said in the release. DavidsTea sells proprietary teas and gifts online, as well as in grocery stores, pharmacies and convenience stores in Canada and the United States. It also has 20 company-owned stores across Canada. The release says Rainy Day Investments Ltd., Segal's investment vehicle, remains DavidsTea's largest shareholder. The company notes it has been advised that Rainy Day intends to remain a long-term shareholder. This report by The Canadian Press was first published May 10, 2025. Companies in this story: (TSX-Venture: DTEA) The Canadian Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
