Gildan (GIL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Resignations of Board Members Do Not Address Central Shareholder Demand to Return Glenn Chamandy as CEO The Only Thing that Has Been Refreshed is the Names of the Directors – the Board’s Disdain for Shareholders Remains Intends to Support Browning West Nominees at 2024 Annual Meeting TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Turtle Creek Asset Management Inc. (“Turtle Creek”), a Canadian independent investment management firm with a 25-year history and a decade-long shareholder of Gildan Activ
Canada's Gildan Activewear on Monday recommended the election of two nominees of U.S.-based activist fund Browning West to the company's board, ahead of its annual and special shareholder meeting on May 28. The clothing maker's board has been clashing with Browning West, which owns 5% of Gildan, following the ouster of co-founder and CEO Glenn Chamandy in December. In January, Browning West escalated its fight with Gildan, expanding its slate to eight candidates from five and called an annual and special shareholder meeting to replace a majority of its board members and reinstate Chamandy as CEO.