21:12:34 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Roots Corp
Symbol ROOT
Shares Issued 41,178,820
Close 2023-05-12 C$ 3.14
Market Cap C$ 129,301,495
Recent Sedar Documents

FP/CP say China meddling seen weighing on Roots, others

2023-05-15 09:38 ET - In the News

Also In the News (C-GOOS) Canada Goose Holdings Inc
Also In the News (U-LULU) Lululemon athletica Inc
Also In the News (C-QSR) Restaurant Brands International Inc

The Financial Post reports in its Monday edition that souring relations between Ottawa and Beijing could affect Canadian companies in China, experts said last week. A Canadian Press dispatch to the Post reports that companies like Canada Goose, Roots, Lululemon athletica and Restaurant Brands International's Tim Hortons have expanded in China in recent years. China is central to the growth plans of many Canadian companies eager to tap into the country's compelling consumer market, retail analyst Bruce Winder said. "If you look at the drawing boards of those companies, China's a big factor in the growth strategy. Its a huge market. There are over 1.4 billion people and folks in China are getting rich, so you have a massive middle class." A diplomatic spat between Ottawa and Beijing, however, could spur a "soft boycott" of Canadian brands in China, Mr. Winder said. "Canada's supply chain is very dependent on China, but consumer-facing Canadian brands in China could be at risk too. Its something that could potentially impact the future growth prospects of Canadian companies in China." Beijing is in a tizzy over Ottawa's expulsion of a Chinese consular official for allegedly hassling Chinese Canadians.

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