Sheertex

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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Montreal-based SRTX is temporarily laying off 40% of its 350 employees in response to proposed U.S. tariffs that could impose a 41% duty on some exports. CEO Katherine Homuth cited financial uncertainty due to tariff risks and delays in securing the final portion of a $23M USD funding round.

SRTX, which manufactures Sheertex pantyhose, recently raised $70M but remains heavily reliant on the U.S. market. Homuth said the company is rushing to ship products tariff-free before the 30-day exemption expires. Without new funding, pivoting to European markets remains unfeasible.

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