TORONTO — Roots Corp. says it has agreed to a go-private transaction led by Marquee Brands for $4.10 per share.
As part of the transaction, Marquee Brands partnered with JM&A Design and Development Inc., an operating company led by Joe Mimran, known for founding clothing brands including Joe Fresh, as well as retail veteran Frank Rocchetti.
Under the terms of the deal, JM&A will acquire all issued and outstanding common shares of Roots.
Marquee Brands CEO Heath Golden says he sees significant global opportunities to extend Roots into new categories, markets and consumer segments.
Roots announced a strategic review in March, where the board said it would study a range of possibilities, including a possible sale.
The transaction is expected to close in the fourth quarter and is subject to court and regulatory approvals as well as other closing conditions, with a shareholder vote expected in October.
This report by The Canadian Press was first published Aug. 20, 2026.
Companies in this story: (TSX:ROOT)
The Canadian Press
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