Herschel Segal, founder of DavidsTea and Le Château, has died

CBC News

· Posted: May 11, 2025 12:34 PM EDT | Last Updated: 3 minutes ago

Herschel Segal, the laminitis of DavidsTea and the manner retail marque Le Château, has died.

DavidsTea sells beverage online arsenic good arsenic successful market stores and convenience stores successful Canada and the United States. The institution besides has 20 stores crossed Canada.

The Montreal-based institution announced Segal's decease successful a quality merchandise connected Saturday. It says helium died connected Tuesday. 

Segal retired from DavidsTea's committee of directors successful 2021. His wife, Jane Silverstone, is the board's president and his daughter, Sarah Segal, is listed connected the company's website arsenic its manager arsenic good arsenic main enforcement and main marque officer. 

Herschel launched Le Château successful the precocious 1950s. The covering marque was a large occurrence with young consumers and a staple successful buying malls successful the 1980s and 1990s, earlier companies like H&M and Zara entered the Canadian market.

Le Château filed a petition for creditor extortion successful 2020 and its stores were yet liquidated.

Saturday's quality merchandise from DavidsTea highlights however Segal "always led his companies with vision, determination and a beardown content successful the value of lawsuit relations."

The institution describes him arsenic a beardown advocator for innovation, accessibility and assemblage spirit.

"Herschel's bequest lives connected done DavidsTea and I americium committed to continuing his vision," said Silverstone, his wife, in the quality release.

Rainy Day Investments, Segal's concern institution and the largest shareholder of DavidsTea, plans to stay a shareholder successful the agelong term, the quality merchandise reads.