From GlobeNewswire: 2025-05-10 18:18:00

DAVIDsTEA Inc. announces the passing of its founder Herschel Segal on May 6, 2025, in Montreal, Quebec. Segal was a pioneering Canadian entrepreneur who co-founded DAVIDsTEA in 2008, revolutionizing the specialty tea category with a modern retail concept. Rainy Day Investments Ltd., Segal’s investment vehicle, remains DAVIDsTEA’s largest shareholder. The company expresses gratitude for Segal’s leadership and values, with his legacy living on through the business. Jane Silverstone Segal, Chair of the Board, affirms Rainy Day Investments’ commitment to the company’s future. DAVIDsTEA continues to offer high-quality teas and accessories through various platforms, maintaining a focus on innovation and accessibility.



Read more at GlobeNewswire: DAVIDsTEA Announces the Passing of Founder Herschel Segal