Welcome to our dedicated page for Gildan Activewr news (Ticker: GIL), a resource for investors and traders seeking the latest updates and insights on Gildan Activewr stock.
Gildan Activewear Inc. (GIL) is a leading vertically integrated manufacturer of basic clothing and activewear, renowned for brands like Gildan, Gold Toe, and Comfort Colors. This page serves as the definitive source for all official company announcements and market-moving developments.
Investors and industry professionals will find curated press releases covering quarterly earnings, strategic partnerships, manufacturing expansions, and product innovations. Our news collection enables stakeholders to track GIL's operational milestones within the global apparel sector, from supply chain initiatives to retail distribution updates.
All content is organized chronologically with clear sourcing to ensure transparency. Key coverage areas include sustainability progress, wholesale channel updates, and licensing agreements with major lifestyle brands. Bookmark this page for real-time access to GIL's financial communications and operational announcements that shape its market position.
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Gildan Activewear Inc. has been recognized by CDP and S&P Global for its sustainable practices in 2023. Gildan received an A- for its climate change disclosure, placing it in CDP's Leadership band. The company was included in the Sustainability Yearbook 2024 by S&P Global, being one of six companies in the Textiles, Apparel, and Luxury Goods industry sector. Gildan's ESG efforts and Next Generation ESG strategy have been acknowledged by these prestigious organizations.
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Browning West, LP, a long-term shareholder of Gildan Activewear Inc., urges the company's Board of Directors to address apparent diligence failures in the appointment process of Vincent Tyra as CEO. Despite thorough research revealing a track record of value destruction, the Board's inability to address concerns regarding poor financial results at previous companies led to more questions than answers.
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Gildan Activewear Inc. will report its 2023 fourth quarter and full year results on February 21st, 2024. The Company will issue a press release before markets open and hold a conference call at 8:30 AM ET on the same day to discuss the results. The call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) with passcode 8434821#. A replay will be available for 7 days starting at 12:30 PM ET. A live audio webcast and replay will be available at the link Gildan Q4 2023 audio webcast.
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Gildan Activewear's proprietary dyeing process, Pigment Pure™, was showcased at the Impressions Expo, aiming to reduce water and energy use in apparel manufacturing. Kevin Freeman and Maria Frohmader provided insights into the innovative solution.
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Browning West, LP, a long-term shareholder of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL), has chosen to nominate a slate of eight highly qualified candidates for election to the Board of Directors at the Company’s annual meeting of shareholders. The decision follows the Board's delaying and converging of the Annual Meeting with the Special Meeting, providing advantages to Browning West in terms of simplifying the voting process, eliminating costly legal tactics, and allowing shareholders to reject the seemingly unqualified Chief Executive Officer Vincent Tyra.
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Gildan, a leading apparel manufacturer, has piloted the International Labour Organization's Malkia program to empower female employees in its manufacturing facilities. The program aims to provide managerial skills, education on gender bias, and access to a community of peers for women in frontline management roles. Gildan's commitment to uplifting women is evident through various initiatives and partnerships, including the Malkia program, Women in Leadership - Ignite Your Impact program, and collaboration with World Vision. The company's focus on creating empowering work environments and supporting female employees is a key priority.
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Browning West, LP, a long-term shareholder of Gildan Activewear Inc., is seeking to reconstitute Gildan’s Board and replace several directors. The Board's decision to delay the annual and special meeting of shareholders is criticized for being contradictory and wasteful, increasing the risk of permanent damage to the company. Browning West asserts that the Board's actions demonstrate disregard for corporate governance and shareholder will. The PR also highlights the Board's refusal to convene a timely meeting, claiming it is in the best interest of the company. The press release emphasizes the need for a speedy resolution and criticizes the Board's legal actions that are deemed irrelevant and a waste of shareholder resources. The release concludes with a call for the Board to reconsider its decision and hold the requisitioned Special Meeting without delay.
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Gildan Activewear Inc. announces a special meeting of shareholders in response to a shareholder requisition submitted by Browning West, LP and its affiliates. The meeting is called to vote on removing the majority of Gildan's directors and replace them with Browning West's nominees with the intention of reinstating Glenn Chamandy as CEO. The Board constituted a Special Committee to review the Requisition and provided its unanimous recommendation to the Board. The selected meeting date will provide shareholders with an opportunity to assess CEO Vince Tyra's leadership of the Company.
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Gildan Activewear Inc. announces the release of a Governance Report by Dr. Richard W. Leblanc, concluding that the Board followed a good and rigorous process with respect to CEO succession planning. The report details the steps taken by the Board, including consideration of internal and external candidates, use of executive search and compensation advisory firms, and thorough vetting of the chosen CEO's credentials and competencies.
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Gildan Activewear Inc. provides details on the timeline of events leading up to the removal of Glenn Chamandy as CEO. The Board and Mr. Chamandy agreed to an orderly three-year succession plan in December 2021. However, Mr. Chamandy later attempted to entrench himself as CEO, leading to recent turmoil. The Board consistently acted to carry out its fiduciary duties, preparing for the CEO succession and positioning Gildan for future success. The timeline of events from 2021 to 2023 reveals the details of the CEO succession process and Mr. Chamandy's attempts to prolong his tenure.
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