A battle is brewing at DavidsTea after the company's board of directors fought back against a co-founder's attempt to replace them with a dissident slate of nominees. DavidsTea's current board said Segal is the "the architect" of many of the company's current challenges. Segal, who was on the board until he resigned on March 5, controls 46 per cent of DavidsTea through Rainy Day Investments Ltd. They said several of Segal's nominees do not appear to have appropriate qualifications and questioned the independence of the proposed slate. Segal has also nominated Le Chateau president Emilia Di Raddo, who is a member of the current board.

Source: CBC News April 26, 2018 15:36 UTC