Searchlight Capital Partners, a 10% Holder, acquired 74,606 Common Shares on a control or direction basis for registered holder SC II TMK, L.P. and 75,394 Common Shares on a control or direction basis for registered holder Searchlight Capital II PV, L.P. at prices ranging from $3.124 to $3.343 between December 18th and 21st, 2018. This represents a $490,182 investment into the company's shares and an account share holdings change of 0.7%.
Roots is in the Apparel & Accessories Retailers 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 recent regulatory filings, one insider has invested a total amount of $490,182.
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