James Alan Gabel, CEO and Director, acquired 25,000 Common Shares on an indirect ownership basis for registered holder RRSP at a price of $11.320 on January 15th, 2018. This represents a $283,000 investment into the company's shares and an account share holdings change of greater than 100%.
Roots is in the Apparel & Accessories Sub Industry Group under the Consumer Cyclicals Sector.
Roots Corp is a Canada-based retailer within apparel industry. It offers leather goods, athletic wear and accessories. Its products comprise leather bags, handbags, purses, briefcases, footwear, as well as men's and women's clothing, including sweaters, hoodies, sweats, watches, athletic t-shirts, yoga wear, accessories, among others. Also, it offers clothes for children. In addition, the Company creates home design products, such as leather furniture for residential or commercial setting. The Company operates over 100 stores in Canada and in the United States, has partner-operated locations in Taiwan and China, as well as runs online retail business. The Company is majority owned by Searchlight Capital Partners, a private investment firm, which operates across North America and Europe. Roots Corporation (ROOT) has below median officer and director direct ownership compared to its small-cap peers in the market, based on our estimate using SEDI data. According to regulatory filings yesterday, one insider has invested a total amount of $283,000.
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