Shares in Canada's renowned lifestyle brand begin
trading today
TORONTO, Oct. 25, 2017 /CNW/ - TMX Group's senior equity
exchange, Toronto Stock Exchange (TSX), today welcomed Canadian
retailer Roots as it began trading this morning under the symbol
TSX:ROOT.
"We are proud to welcome Roots, a truly iconic and
world-renowned Canadian lifestyle brand to our market today," said
Ungad Chadda, President, Capital Formation, Equity Capital Markets,
TMX Group. "It is fitting that on the day of Toronto Stock
Exchange's 165th birthday, we celebrate a new partnership with a
company globally-recognized as a symbol of Canadian heritage. We
are committed to supporting Roots, and all of our issuers, in
pursuit of their business goals and growth aspirations."
"Today marks a significant milestone in our company's history
for our customers, employees, founders, partners and investors. I'm
incredibly proud of the team that made this happen, but this is
just one more step forward along a much larger journey," said
Jim Gabel, Chief Executive Officer
of Roots Corporation. "We see a tremendous growth opportunity ahead
for Roots, as we continue to execute on our mission to inspire the
world to embrace the spirit of the open air. We are in the early
stages of leveraging our strategic operational investments to
support our continued growth in Canada, the United
States and internationally. Our TSX listing provides an
additional platform to help us unlock the potential of the Roots
brand."
Established in 1973 by co-founders Michael Budman and Don
Green, Roots has a rich Canadian heritage and is known for
its premium apparel, leather goods, accessories and
footwear. Roots, which began as a small Toronto store, has more than 220 retail stores
in Canada, the United States and Asia (China,
Taiwan).
TSX and Venture Exchange are home to 28 Canadian retail
companies with a combined market capitalization of $127 billion, as of September 30, 2017.
About TMX Group (TSX:X)
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This news release is not, and should not be construed as, an
invitation to purchase securities listed on TSX. TMX Group and its
affiliates do not endorse or recommend any of the referenced
securities nor should any statement in this news release be
construed as advice regarding a broad investment strategy. Listing
on TSX does not guarantee the future performance of a security.
Please seek professional advice to evaluate specific
securities.
SOURCE Toronto Stock Exchange