MONTREAL 鈥� Specialty tea provider DavidsTea Inc. says co-founder Herschel Segal, who also launched the Canadian fashion retailer Le Ch芒teau, has died.
The Montreal-based company issued a news release on Saturday saying Segal died on May 6 in Montreal.
His age was not given.
Segal retired from the board of directors of the beverage company in 2021, but his wife, Jane Silverstone Segal, remains chair of the board and his daughter, Sarah Segal, is the company's CEO and chief brand officer.
Herschel Segal started Le Ch芒teau in the late 1950s, and the clothing brand became a mall staple and a hit with young shoppers in the 1980s and 鈥�90s before foreign retailers like H&M and Zara entered the Canadian market.
The company ultimately filed for creditor protection in 2020 and the stores were liquidated.
The news release from DavidsTea says Segal "brought vision, determination, and a strong belief in customer connection to every venture he led," adding he was also a consistent champion for accessibility, innovation and a sense of community.
鈥淗erschel鈥檚 legacy lives on through DavidsTea and I am committed to continuing his vision,鈥� Silverstone Segal said in the release.
DavidsTea sells proprietary teas and gifts online, as well as in grocery stores, pharmacies and convenience stores in Canada and the United States. It also has 20 company-owned stores across鈥疌anada.
The release says Rainy Day Investments Ltd., Segal鈥檚 investment vehicle, remains DavidsTea鈥檚 largest shareholder. The company notes it has been advised that Rainy Day intends to remain a long-term shareholder.
This report by The Canadian Press was first published May 10, 2025.
Companies in this story: (TSX-Venture: DTEA)
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