Iconic Canadian clothing retailer Roots has set the wheels in motion to go public.
The company said it has filed a preliminary long-form prospectus with securities regulators across Canada for an initial public offering.
Initially a footwear company, Roots was founded by Don Green and Michael Budman in 1973. In 2015 Roots was sold to Searchlight Capital LP which now holds majority stake with Budman and Green retaining a minority stake.
Image via Roots