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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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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Gildan Activewear Inc. (GIL: TSX and NYSE) announces Vince Tyra as the new President and CEO, effective January 15, 2024. The Board's decision follows a robust selection process, recognizing Tyra's leadership skills and extensive experience in the apparel industry, private equity, and corporate strategy.
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Glenn J. Chamandy, former President and CEO and co-founder of Gildan Activewear Inc. (GIL), responds to the open letter to shareholders issued by the Company's board of directors, expressing disappointment with their actions and the impact on shareholder value.
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Gildan Activewear Inc. (GIL: TSX and NYSE) issues an open letter to shareholders, addressing the false narrative presented by the CEO and the need for new leadership. The Board of Directors is investigating the CEO's engagement with certain shareholders and his termination. The letter responds to Browning West's campaign to reinstall Glenn Chamandy as CEO, emphasizing the Board's conviction that retaining him would have jeopardized the company's future and shareholder value.
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Turtle Creek Asset Management Inc. intends to support Browning West, LP’s five proposed director nominees at an anticipated requisitioned special meeting of Gildan Activewear Inc. (GIL: TSX and NYSE). This comes after the Board’s reckless termination of CEO Glenn Chamandy, which alienated long-time shareholders and exposed Gildan to significant risks. Turtle Creek strongly discourages the Board from further entrenchment or delay tactics and believes that Gildan’s shareholders have lost confidence in the existing board.
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Gildan Activewear Inc. (TSX:GIL) and (NYSE:GIL) has been included on the Dow Jones Sustainability North America Index (DJSI North America) for the 11th consecutive year, achieving the fifth highest Corporate Sustainability Assessment score in the Textiles, Apparel, and Luxury Goods Industry, placing the Company in the 98th percentile within its sector. Gildan's commitment to sustainability and its Next Generation ESG strategy reflect its dedication to creating long-term value for stakeholders and contributing to the well-being of the planet.
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Shareholder Activist Group Calls Out ABC Company (Ticker: ABC) for Board's Entrenchment Tactics and Shifting Narrative
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