Roots Canada has sold a majority stake in its clothing and sportswear line to the British head-quartered private investment firm Searchlight Capital Partners. Toronto co-founders of Roots, Michael Budman and Don Green, said Monday they have ceded control of the company they founded in Toronto in 1973 to “support the brand’s next phase of growth.” Financial terms were not disclosed. Photo: Roots via Twitter l to r Michael Budman, Searchlight co-founders Erol Uzumeri and Eric Zinterhofer.Roots Don Green. CBC
