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Gildan Activewr - GIL STOCK NEWS

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About Gildan Activewear Inc. (GIL)

Gildan Activewear Inc. (NYSE: GIL, TSX: GIL) is a prominent manufacturer and supplier of everyday basic apparel, including activewear, underwear, socks, and hosiery. With a vertically integrated manufacturing model, Gildan controls every stage of production, from raw materials to finished goods, ensuring cost efficiency, quality, and sustainability. The company's operations span Central America, the Caribbean, North America, and Bangladesh, enabling it to serve global markets effectively.

Core Business and Product Portfolio

Gildan markets its products under a diversified portfolio of well-known brands, including Gildan®, Comfort Colors®, American Apparel®, GOLDTOE®, and Peds®. It also holds exclusive licensing agreements, such as the printwear channel for Champion®. The company’s primary markets include printwear (serving wholesale distributors, screen printers, and embellishers) and retail (serving brick-and-mortar and e-commerce channels). This dual-market approach allows Gildan to diversify its revenue streams and mitigate risks associated with market-specific fluctuations.

Manufacturing and Operational Excellence

Gildan's vertically integrated manufacturing facilities are a cornerstone of its competitive advantage. By owning and operating large-scale facilities, the company achieves cost efficiencies, consistent quality, and supply chain control. Its strategic locations in Central America, the Caribbean, and Bangladesh provide access to skilled labor and proximity to key markets, reducing lead times and logistics costs. The company is also a significant consumer of U.S. cotton, leveraging its scale to secure raw materials competitively.

Sustainability and ESG Commitments

Gildan is deeply committed to environmental, social, and governance (ESG) principles, embedding sustainability into its long-term strategy. The company’s initiatives include reducing its environmental footprint, promoting worker safety and well-being, and supporting local communities through programs like reforestation and education. Gildan has been recognized for its ESG efforts, including inclusion in the Dow Jones Sustainability North America Index and the Sustainability Yearbook.

Innovation and Market Differentiation

Gildan continually invests in innovation to meet evolving consumer needs. Recent product introductions, such as those featuring soft cotton technology, demonstrate the company’s focus on enhancing product quality and customer satisfaction. This commitment to innovation, combined with its vertically integrated model, positions Gildan as a preferred partner for wholesale and retail customers alike.

Competitive Landscape and Growth Strategy

Operating in the highly competitive apparel industry, Gildan differentiates itself through its cost-efficient manufacturing, diversified product offerings, and commitment to sustainability. The company’s Gildan Sustainable Growth (GSG) strategy focuses on capacity-driven growth, product innovation, and ESG leadership. By leveraging these strengths, Gildan continues to capture market share in key categories and expand its global footprint.

Conclusion

Gildan Activewear Inc. is a global leader in the basic apparel industry, known for its vertically integrated operations, diversified brands, and commitment to sustainability. With a strong foundation and strategic focus, the company is well-positioned to navigate industry challenges and capitalize on growth opportunities in both printwear and retail markets.

Rhea-AI Summary
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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Browning West, LP, a long-term shareholder of Gildan Activewear Inc. (NYSE: GIL) issues a letter to shareholders expressing concerns about the board's actions to invalidate the requisition for a special meeting. The letter accuses the board of desperate and self-serving attempts to avoid accountability and highlights the troubling conduct of the board, including intimidation and misinformation campaigns. The letter emphasizes the need to replace the current directors with highly qualified candidates to prevent further value destruction and business risks.
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Gildan Activewear Inc. announces that Browning West LP violated the US Hart-Scott-Rodino Act by rapidly acquiring shares to take control of the company and reinstall the former CEO. The illegal share acquisitions demonstrate the reckless nature of Browning West's campaign. Gildan plans to take appropriate actions to protect shareholders.
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Comfort Colors announces the launch of Pigment Pure, a new dyeing technology that uses less water, energy, and time. The brand also emphasizes its use of 100% ring-spun U.S. cotton to create durable and comfortable t-shirts.
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Gildan Activewear Inc. provides further information regarding the conduct of its former CEO, Glenn Chamandy, around the time of his removal. The company reveals undisclosed relationships between Chamandy and a shareholder calling for his reinstatement. The board lost trust and confidence in Chamandy, citing his lack of transparency and disengagement. Chamandy's distraction from personal pursuits and failure to disclose investments in shareholder funds are highlighted. The company will continue to update shareholders on significant developments.
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FAQ

What is the current stock price of Gildan Activewr (GIL)?

The current stock price of Gildan Activewr (GIL) is $52.92 as of March 3, 2025.

What is the market cap of Gildan Activewr (GIL)?

The market cap of Gildan Activewr (GIL) is approximately 9.1B.

What does Gildan Activewear Inc. manufacture?

Gildan manufactures basic apparel, including activewear, underwear, socks, and hosiery, under brands like Gildan®, Comfort Colors®, and American Apparel®.

What is Gildan's business model?

Gildan operates a vertically integrated manufacturing model, controlling every stage of production to ensure cost efficiency, quality, and sustainability.

What markets does Gildan serve?

Gildan serves printwear markets (wholesale distributors, screen printers) and retail channels (brick-and-mortar and e-commerce), offering diversified revenue streams.

Where are Gildan's manufacturing facilities located?

Gildan's facilities are located in Central America, the Caribbean, North America, and Bangladesh, strategically positioned for global market access.

What sustainability initiatives does Gildan pursue?

Gildan focuses on reducing its environmental footprint, ensuring worker safety, and supporting local communities through programs like reforestation and education.

What brands does Gildan own?

Gildan owns brands like Gildan®, Comfort Colors®, American Apparel®, GOLDTOE®, and Peds®, and holds licensing agreements for brands like Champion®.

How does Gildan compete in the apparel industry?

Gildan differentiates itself through cost-efficient vertically integrated manufacturing, diversified product offerings, and a strong focus on sustainability and innovation.

What is the Gildan Sustainable Growth (GSG) strategy?

The GSG strategy focuses on capacity-driven growth, product innovation, and ESG leadership to strengthen Gildan's competitive position and drive long-term value.

How does Gildan support its ESG commitments?

Gildan integrates ESG principles into its operations, focusing on environmental sustainability, worker well-being, and community engagement.

What are Gildan's key growth areas?

Gildan focuses on expanding its market share in activewear and hosiery, leveraging innovation and sustainability to meet customer demands.
Gildan Activewr

NYSE:GIL

GIL Rankings

GIL Stock Data

9.13B
147.25M
2.38%
85.5%
1.01%
Apparel Manufacturing
Consumer Cyclical
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Canada
Montreal