SRTX founder Katherine Homuth has submitted a proposal to rejoin the Montreal-based company as it undergoes a strategic review that may lead to a sale. The maker of Sheertex rip-resistant tights confirmed it is exploring options including a sale, recapitalization, or reorganization.
Current CEO Sophie Boulanger is stepping down for personal reasons after guiding the firm through transition. Nearly 100 employees have been temporarily laid off as operations are reassessed. Homuth, who left in March following a $40-million fundraising round, said her goal remains to restore profitability and preserve advanced manufacturing jobs in Canada.
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