Searchlight Capital buys majority stake in Roots Canada: Reuters

Roots Canada, one of the country's most recognizable clothing brands, said its co-founders have sold a controlling stake in the company to U.S. private equity firm Searchlight Capital Partners to spur the brand's next phase of growth, Reuters reported. Co-founders Michael Budman and Don Green will remain actively involved in the company and will be substantial investors.

DealsCanadaNorth AmericaBriefs