MONTREAL – DAVIDsTEA Inc. (TSX-Venture: DTEA) has announced the passing of its founder, Herschel Segal, in Montreal, Québec on Tuesday, May 6, 2025.
The announcement details that Herschel Segal was a pioneering Canadian entrepreneur who also founded Le Château. In 2008, he co-founded DAVIDsTEA, transforming the specialty tea category.
Herschel Segal championed accessibility, innovation, and a sense of community.
Rainy Day Investments Ltd., Mr. Segal’s investment vehicle, remains DAVIDsTEA’s largest shareholder and intends to remain a long-term shareholder.
“Herschel’s legacy lives on through DAVIDsTEA and I am committed to continuing his vision,” said Jane Silverstone Segal, Chair of the Board.
DAVIDsTEA offers a specialty branded selection of high-quality proprietary loose-leaf teas, pre-packaged teas, tea sachets, tea-related accessories and gifts through its e-commerce platform, its wholesale customers, and 20 company-owned stores across Canada.
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