Searchlight Capital invests in Roots Canada

Searchlight Capital Partners L.P. has agreed to buy a majority stake in Roots Canada Ltd. Financial terms weren’t announced. Founded in 1973 by Michael Budman and Don Green, Roots is a leading lifestyle brand in Canada that sells leather bags, footwear, jackets, apparel, athletic wear, accessories, and home furnishings. Budman and Green will remain shareholders.

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