A DavidsTea store in Toronto in January, 2024. The son of the late founder Herschel Segal is calling for an overhaul of the retailer’s leadership.
The son of the late DavidsTea Inc. DTEA-X founder Herschel Segal is calling for an overhaul of the retailer’s leadership, accusing the company of “abysmal corporate governance and management,” and saying his half-sister is not fit to continue as chief executive officer.
The family fight began following Herschel’s death in May. Philip Segal, a lawyer based in New York and Herschel’s eldest son, says he and his sister – the children of Herschel’s first marriage – were left out of their father’s will.
According to Philip, that means their only inheritance, held through a trust, is a stake in Rainy Day Investments Ltd., a private family holding