Gildan Activewear Inc. manufactures and sells various apparel products in the United States, Canada, and internationally. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sport shirts under the Gildan, Gildan Performance, Gildan Hammer, Comfort Colors, American Apparel, Anvil by Gildan, Alstyle, Prim + Preux, and GoldToe brands. The company also offers hosiery products comprising athletic; dress; and casual, liner, therapeutic, and workwear socks, as well as sheer panty hoses, tights, and leggings under the brands of Gildan, Under Armour, GoldToe, PowerSox, GT a GoldToe Brand, Silver Toe, Signature Gold by Goldtoe, Peds, MediPeds, Kushyfoot, Therapy Plus, All Pro, Secret, Silks, Secret Silky, and American Apparel. In addition, it provides men's and boys' underwear products, and ladies panties under the Gildan and Gildan Platinum brand names; and ladies' shapewear, intimates, and accessories under the Secret and Secret Silky brands. The company sells its products to wholesale distributors, screen printers, or embellishers, as well as to retailers and consumer brand companies. The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in March 1995. Gildan Activewear Inc. was founded in 1946 and is headquartered in Montreal, Canada.
IPO Year: 2000
Exchange: NYSE
Website: gildancorp.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/2/2024 | Hold → Buy | Stifel | |
1/5/2024 | Buy → Neutral | UBS | |
12/7/2023 | Buy → Hold | Edward Jones | |
8/4/2023 | $36.00 → $38.00 | Hold → Buy | TD Securities |
5/2/2023 | $38.00 | Buy | Stifel |
1/23/2023 | Buy → Hold | TD Securities | |
11/5/2021 | $41.00 → $43.00 | Buy → Hold | Stifel |
11/5/2021 | Buy → Hold | Stifel | |
11/5/2021 | $43.00 → $45.00 | Outperform | RBC Capital |
11/2/2021 | $41.00 → $43.00 | Outperform | RBC Capital |
SC 13D/A - Gildan Activewear Inc. (0001061894) (Subject)
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SC 13D/A - Gildan Activewear Inc. (0001061894) (Subject)
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SC 13G - Gildan Activewear Inc. (0001061894) (Subject)
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As such, Gildan today announced that it has received approval from the Toronto Stock Exchange (TSX) to amend its current NCIB, which commenced on August 9, 2023, in order to increase the maximum number of common shares that may be repurchased from 8,778,638, or 5% of its issued and outstanding common shares as at July 31, 2023 (the reference date for the NCIB), to 17,124,249 common shares, representing 10% of the public float as at July 31, 2023. No other terms of the NCIB have been amended.
- Bloomberg TV Interview
With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Box, Inc. (NYSE:BOX) to report quarterly earnings at 36 cents per share on revenue of $262.04 million after the closing bell, according to data from Benzinga Pro. Box shares gained 0.3% to $25.34 in after-hours trading. Gildan Activewear Inc. (NYSE:GIL) named Glenn J. Chamandy as President and CEO, effective immediately. The company also appointed Michael Kneeland as non-executive Chair of the Board. Gildan Activewear shares fell 1.6% to $37.02 in the after-hours trading session. Analysts are expecting Elbit Systems Ltd. (NASDAQ:E
The outgoing Board has appointed Browning West nominees to the Board of Directors, effective at that time. The outgoing Board has ceased discussions regarding the previously announced sale process.
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Pleased that Both the Quebec Superior Court and the Financial Markets Administrative Tribunal Have Recognized the Lawsuits Have No Merit by Dismissing Them in Their EntiretyNotes the Dismissals of the Board's Wasteful and Self-Serving Lawsuits Will Ensure the Rights of Shareholders Are Protected at the Upcoming May 28th Annual Meeting
BBAMCNVDAGMEGILWMTSMCITSLABBCAIData from https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
6-K - Gildan Activewear Inc. (0001061894) (Filer)
6-K - Gildan Activewear Inc. (0001061894) (Filer)
6-K - Gildan Activewear Inc. (0001061894) (Filer)
6-K - Gildan Activewear Inc. (0001061894) (Filer)
SD - Gildan Activewear Inc. (0001061894) (Filer)
6-K - Gildan Activewear Inc. (0001061894) (Filer)
6-K - Gildan Activewear Inc. (0001061894) (Filer)
6-K - Gildan Activewear Inc. (0001061894) (Filer)
6-K - Gildan Activewear Inc. (0001061894) (Filer)
6-K - Gildan Activewear Inc. (0001061894) (Filer)
MONTREAL, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) announces today that Glenn J. Chamandy, President & Chief Executive Officer and Rhodri J. Harries, Executive Vice-President, Chief Financial and Administrative Officer will participate in a fireside chat and one-on-one meetings with investors at the 28th Annual Scotiabank Back to School Conference in Toronto on Wednesday, September 18, 2024. About GildanGildan is a leading manufacturer of everyday basic apparel. The Company's product offering includes activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to reta
(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release Net sales of $862 millionOperating margin of 16.4%, adjusted operating margin1 of 22.7%GAAP diluted EPS of $0.35 and adjusted diluted EPS1 of $0.74Cash flow from operations of $140 million and free cash flow1 of $104 millionCapital returned to shareholders of $182 million during the quarter through dividends and share repurchasesCompany announces a Normal Course Issuer Bid to repurchase up to 10% of the Company's public floatCompany reconfirms its full year 2024 guidance and provides three-year outlookGildan recogniz
MONTREAL, July 17, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2024 second quarter results on Thursday, August 1st, 2024. A press release will be issued before markets open, and a conference call is scheduled on that same day at 8:30 AM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 5492469#. A replay will be available for 7 days starting at 12:30 PM EST by dialing (800) 770-2030 (Canada & U.S.) or (609) 800-9909 (international) and entering the same passcode. A live audio webcast of the conference call, as well as the replay, w
MONTREAL, June 28, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or the "Company") is pleased to share that it has been recognized as one of the Best 50 Corporate Citizens in Canada by Corporate Knights for the third consecutive year. Gildan is the only company in the Textiles & Clothing Manufacturing peer group to be included. In addition, Gildan has been included in the inaugural edition of TIME's World Most Sustainable Companies, and is one of only 12 Canadian companies featured on this global list. "We are proud to be included in the rankings of these reputable organizations, especially as we celebrate 20 years of sustainability reporting this summer,"
MONTREAL, June 18, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or the "Company") is pleased to announce the publication of its 20th Environmental, Social, and Governance (ESG) report, marking a significant milestone in the Company's long history of public ESG disclosures. The 2023 report highlights Gildan's continued progress against key targets, two years into the implementation of its Next Generation ESG strategy and 2030 targets. "ESG has been integral to how we operate for many years and is one of the three core pillars of the Gildan Sustainable Growth (GSG) strategy, reflecting our commitment to creating enduring value for all stakeholders," said G
MONTREAL, May 29, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) is committed to returning capital to shareholders via share buybacks and dividends as a key element of its capital allocation program. As previously indicated, the Company planned on resuming share repurchases following the Annual General Meeting of shareholders which occurred on May 28, 2024. Consequently, Gildan's newly reconstituted Board of Directors has now approved the resumption of share repurchases and an amended normal course issuer bid (NCIB). "Given our continued execution of the Gildan Sustainable Growth strategy, our expected strong free cash flow and the strength of our balance sheet, w
MONTRÉAL, May 29, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or the "Company") today announced that the eight director nominees, being all of the existing directors of the Company following the resignation on May 23, 2024 of the prior members of the board of directors, were elected as directors of the Company for the ensuing year by an overwhelming majority of the votes cast by shareholders, in-person, and by proxy, at its annual meeting of shareholders held on May 28, 2024 in Montréal. As a result of the prior directors having all resigned in advance of the annual meeting and their decision not to present themselves for election, only eight director nomi
MONTREAL, May 24, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or the "Company") announced today that the Board of Directors has appointed Glenn J. Chamandy as President and Chief Executive Officer and Michael Kneeland as non-executive Chair of the Board, each effective immediately. Glenn J. Chamandy, Gildan's co-founder and President and CEO commented "I'm extremely excited to return as Gildan's CEO and am gratified for the incredible support I have received from both shareholders and employees over the past six months. I'm proud of our dedicated employees for their hard work and focus through a tumultuous period. The resilience of the team and the high q
Thanks Shareholders for Their Overwhelming Vote in Favor of Browning West's Slate, Which Provides a Rare Mandate for the Replacement of Gildan's Entire Board of Directors Pleased That the Transition of Power at Gildan Has Commenced to Ensure Glenn Chamandy is Reinstated as CEO and Michael Kneeland is Appointed as Chair of the Board of Directors Browning West, Glenn Chamandy, and Michael Kneeland Reiterate the Slate's Commitment to Restore Stability to Gildan and Create Long-Term Value for All Company Stakeholders Browning West, LP (together with its affiliates, "Browning West" or "we"), which is a long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "C
Vince Tyra has Stepped Down as President and CEOSale Process has Ceased MONTREAL, May 23, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or "the Company") today announced that the full Board of Directors has resigned, and Vince Tyra has stepped down as President and Chief Executive Officer, effective at the end of the day. The outgoing Board has appointed Browning West nominees to the Board of Directors, effective at that time. The outgoing Board has ceased discussions regarding the previously announced sale process. Shareholders have made their views clear as we approach the May 28, 2024 Annual Meeting. The outgoing directors believe that it was in the bes
(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release Net sales of $862 millionOperating margin of 16.4%, adjusted operating margin1 of 22.7%GAAP diluted EPS of $0.35 and adjusted diluted EPS1 of $0.74Cash flow from operations of $140 million and free cash flow1 of $104 millionCapital returned to shareholders of $182 million during the quarter through dividends and share repurchasesCompany announces a Normal Course Issuer Bid to repurchase up to 10% of the Company's public floatCompany reconfirms its full year 2024 guidance and provides three-year outlookGildan recogniz
MONTREAL, July 17, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2024 second quarter results on Thursday, August 1st, 2024. A press release will be issued before markets open, and a conference call is scheduled on that same day at 8:30 AM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 5492469#. A replay will be available for 7 days starting at 12:30 PM EST by dialing (800) 770-2030 (Canada & U.S.) or (609) 800-9909 (international) and entering the same passcode. A live audio webcast of the conference call, as well as the replay, w
MONTREAL, May 29, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) is committed to returning capital to shareholders via share buybacks and dividends as a key element of its capital allocation program. As previously indicated, the Company planned on resuming share repurchases following the Annual General Meeting of shareholders which occurred on May 28, 2024. Consequently, Gildan's newly reconstituted Board of Directors has now approved the resumption of share repurchases and an amended normal course issuer bid (NCIB). "Given our continued execution of the Gildan Sustainable Growth strategy, our expected strong free cash flow and the strength of our balance sheet, w
(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release Net sales of $696 millionOperating margin of 15.1%, adjusted operating margin1 of 18.0%GAAP diluted EPS of $0.47 down 13% and adjusted diluted EPS1 of $0.59 up 31%Capital returned to shareholders of $57 million during the quarterFull year 2024 guidance reconfirmed MONTREAL, May 01, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) today announced results for the first quarter ended March 31, 2024. Fiscal 2024 guidance was reconfirmed as communicated on April 15, 2024. "Our solid first quarter pe
MONTREAL, April 17, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or "the Company") will report its 2024 first quarter results on Wednesday, May 1st, 2024. A press release will be issued after markets close, and a conference call is scheduled on that same day at 5:00 PM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 9371601 #. A replay will be available for 7 days starting at 8:00 PM EST by dialing (800) 770-2030 (Canada & U.S.) or (609) 800-9909 (international) and entering the same passcode. A live audio webcast of the conference call
Vince Tyra's Attempt to Copy Former CEO Glenn Chamandy's Strategy is Fraught with Risk Due to Mr. Tyra's Track Record of Value Destruction Mr. Tyra Unveils Underwhelming Margin Guidance, Speculative Spending, Weak Capital Allocation, and No Long-Term Earnings Per Share or Stock Price Targets Browning West Urges Shareholders to Support its Slate of Eight Highly Qualified Directors and Strategy for Superior Value Creation Browning West, LP (together with its affiliates, "Browning West" or "we"), which is a long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Company") and beneficially owns approximately 5.0% of the Company's outstanding shares, today is
Company Reconfirms 2024 Full Year GuidanceAnnounces Preliminary Q1 2024 RevenueCompany to Host Investor Day in Fall 2024 MONTREAL, April 15, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) today announced that its President and CEO, Vince Tyra has unveiled his key focus strategic priorities. Concurrently, the Company also reconfirmed its 2024 full year guidance and announced preliminary Q1 revenue. Furthermore, the Company intends to hold an Investor Day in the Fall of 2024 to provide a comprehensive strategic plan. Reflecting on his first 90 days, Vince Tyra said, "I'm excited to be leading Gildan at this pivotal time. Having completed 90 days at the helm of Gildan,
MONTREAL, April 08, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or "the Company") today announces that its President and CEO, Vince Tyra, will provide an Investor Update in an upcoming webcast event on April 15, 2024, marking his first 90 days at Gildan. Vince was appointed President and CEO on December 11, 2023, and assumed his new position on January 15, 2024. Conference Call and Webcast Information The event will take place on April 15, 2024, at 4:45 PM ET. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 3097304#. A live audio webcast of the conference call and pres
(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release Net sales of $783 million in the fourth quarter, up 9% vs. Q4 2022Q4 operating margin of 22.8%, adjusted operating margin1 of 19.7%Q4 diluted EPS of $0.89 up 89% and adjusted diluted EPS1 of $0.75 up 15% vs. Q4 2022Cash flow from operations of $239 million in Q4 and $547 million for the full year; free cash flow1 of $203 million in Q4 and $392 million for the full yearCapital returned to shareholders of $204 million in Q4 and $492 million for the full year, through dividends and share repurchasesCompany announces 10% d
MONTREAL, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or "the Company") will report its 2023 fourth quarter and full year results on Wednesday, February 21st, 2024. A press release will be issued before markets open, and a conference call is scheduled on that same day at 8:30 AM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 8434821 #. A replay will be available for 7 days starting at 12:30 PM ET by dialing (800) 770-2030 (Canada & U.S.) or (609) 800-9909 (international) and entering the same passcode. A live audio webcast of
Stifel upgraded Gildan Activewear from Hold to Buy
UBS downgraded Gildan Activewear from Buy to Neutral
Edward Jones downgraded Gildan Activewear from Buy to Hold
TD Securities upgraded Gildan Activewear from Hold to Buy and set a new price target of $38.00 from $36.00 previously
Stifel initiated coverage of Gildan Activewear with a rating of Buy and set a new price target of $38.00
TD Securities downgraded Gildan Activewear from Buy to Hold
Stifel downgraded Gildan Activewear from Buy to Hold and set a new price target of $43.00 from $41.00 previously
Stifel downgraded Gildan Activewear from Buy to Hold
RBC Capital reiterated coverage of Gildan Activewear with a rating of Outperform and set a new price target of $45.00 from $43.00 previously
RBC Capital reiterated coverage of Gildan Activewear with a rating of Outperform and set a new price target of $43.00 from $41.00 previously
MONTRÉAL, May 29, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or the "Company") today announced that the eight director nominees, being all of the existing directors of the Company following the resignation on May 23, 2024 of the prior members of the board of directors, were elected as directors of the Company for the ensuing year by an overwhelming majority of the votes cast by shareholders, in-person, and by proxy, at its annual meeting of shareholders held on May 28, 2024 in Montréal. As a result of the prior directors having all resigned in advance of the annual meeting and their decision not to present themselves for election, only eight director nomi
Thanks Shareholders for Their Overwhelming Vote in Favor of Browning West's Slate, Which Provides a Rare Mandate for the Replacement of Gildan's Entire Board of Directors Pleased That the Transition of Power at Gildan Has Commenced to Ensure Glenn Chamandy is Reinstated as CEO and Michael Kneeland is Appointed as Chair of the Board of Directors Browning West, Glenn Chamandy, and Michael Kneeland Reiterate the Slate's Commitment to Restore Stability to Gildan and Create Long-Term Value for All Company Stakeholders Browning West, LP (together with its affiliates, "Browning West" or "we"), which is a long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "C
Both Leading Proxy Advisory Firms Have Recommended Gildan Shareholders Vote "FOR" All Eight of Browning West's Nominees and WITHHOLD Support for the Board's Entire 10-Member Slate, Including Chair Tim Hodgson and Current CEO Vince Tyra Glass Lewis Concludes That the Incumbent Board Made a "Poorly Reasoned Decision to Remove a Sitting CEO With a Favorable Track Record" Glass Lewis Determines Browning West's Eight Strong Director Candidates Have "a More Compelling Path Forward for the Company" Shareholders Are Encouraged to Vote "FOR" Browning West's Entire Eight-Member Slate on the GOLD Proxy Card and WITHHOLD Support for the Company's Nominees Ahead of the May 28th Annual Meeting Br
- Board Urges Shareholders to Vote "FOR" ALL Gildan's Qualified and Experienced Director Nominees and Karen Stuckey and J.P. Towner on the BLUE Proxy Card MONTREAL, May 15, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) today announced that its Board of Directors has issued a letter to shareholders in connection with its upcoming 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting") to be held on May 28, 2024. At the 2024 Annual Meeting, activist investor Browning West is seeking to replace eight of Gildan's highly qualified directors with its own candidates, including its own Co-Founder, Peter Lee, and reinstall Glenn Chamandy, as CEO of the Company. Gilda
Gratified That Board Leadership, Including the Chairman and Every Committee Chair, Has Seemingly Acknowledged Their Many Failures by Resigning En Masse Question Why the Board Has Gone to Such Lengths to Allow Vince Tyra to Remain CEO Despite His Track Record of Value Destruction and Amid Unprecedented Shareholder Calls to Reinstate Glenn Chamandy Remind Shareholders That Electing the Full Browning West Slate is the Only Clear Path to Reinstating Glenn Chamandy as CEO to Generate Outstanding Shareholder Returns Browning West, LP (together with its affiliates, "Browning West" or "we"), which is a long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Comp
Browning West, LP (together with its affiliates, "Browning West" or "we"), which is a long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Company") and beneficially owns approximately 5.0% of the Company's outstanding shares, today issued the below statement regarding the Company's apparent decision to leak a meritless letter it sent to a U.S. regulator to a Canadian news outlet. "It is unfortunate that the Board is acting in a desperate, erratic manner now that its apparent failures of diligence and judgement during last year's CEO search process have been validated. Rather than use an error-ridden regulatory letter to spur a shameless publicity stunt i
Announces Expansion of Slate to Eight Highly Qualified Director Candidates With Strong Track Records of Value Creation, Expertise in Successful Succession Planning, and Relevant Industry and Governance Experience Informs Shareholders That Browning West Has Requested the Special Meeting Be Held Without Delay Urges Gildan's Board to Respect the Will of Shareholders and Not Employ Tactics to Unreasonably Delay Special Meeting Browning West, LP (together with its affiliates, "Browning West" or "we") is a significant, long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Company"), beneficially owning approximately 5.0% of the Company's outstanding shares.
Special Meeting Would Empower Shareholders to Improve Gildan's Board by Voting to Replace Five Incumbent Directors Replacement Slate Includes Five High Quality Director Candidates With Strong Track Records of Value Creation, Expertise in Successful Succession Planning, and Relevant Industry Experience Urges Gildan's Board to Refrain From Taking Actions to Entrench Itself or Delay the Special Meeting Browning West, LP (together with its affiliates, "Browning West" or "we") is a significant, long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Company"), beneficially owning approximately 5.0% of the Company's outstanding shares. Today, Browning West i
MONTREAL, Dec. 20, 2023 (GLOBE NEWSWIRE) -- The Chairman of the Board of Directors of Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or "the Company") and the Board's Committee Chairs today issued an open letter to shareholders. Dear Fellow Gildan Shareholders: We are writing to you today to clarify the record as to why the directors of Gildan recently came to the unanimous decision to remove Glenn Chamandy as chief executive officer and to outline the path forward under our new CEO Vince Tyra. We give Mr. Chamandy all the credit he rightly deserves for co-founding Gildan Activewear and respect that he built it into a successful public company. Throughout much of his 2
MONTREAL, Dec. 18, 2023 /PRNewswire/ - Glenn J. Chamandy, former President and CEO and co-founder of Gildan Activewear Inc. (TSX:GIL) (NYSE:GIL) ("Gildan" or the "Company"), today issued the following statement: Contrary to media reports, I gave no ultimatum to Gildan's board with respect to any strategy or potential acquisitions. This is a sideshow to distract from the reaction the shareholders have had with respect to the board's handling of succession planning, in which I was not involved. I did not and could not orchestrate or control the events; the board conducted the process. I do believe, it is essential that a leadership transition be conducted in a manner consistent with Gildan's