The clothing retailer, whose shares have struggled since a 2017 initial public offering, said it is looking at a range of alternatives in an effort to maximize value for shareholders. (The Logic)

Talking point: Founded in 1973, the sometime Olympic outfitter has floundered in recent years. U.S. private equity giant Searchlight Capital bought a majority stake from the co-founders in 2015, and retained a controlling interest after Roots went public in 2017. Former Searchlight managing director Meghan Roach became CEO in 2020. Roots’ American subsidiary filed for Chapter 7 bankruptcy that year, and more recently, Roots has been closing underperforming stores in Canada, while experimenting with new store designs to draw in more customers. It now has 115 stores in Canada and more than 100 abroad. The company’s shares rose more than eight per cent in Tuesday trading on the Toronto Stock Exchange following the news of the strategic review launch.