Etiket: Gildan
Power war at Gildan | The Caisse de dépôt chooses its clan
After turning its back on Gildan a few years ago because the Montreal clothing manufacturer was not paying its fair share of taxes, the Caisse de dépôt et placement du…
Better start to the year than expected at Gildan
Despite the upheavals caused by the power struggle at Gildan following the sudden change of CEO in December, the Montreal clothing manufacturer’s financial performance at the start of the year…
Gildan | Accused of being “distracted and absent”, the former boss obtained millions in 2023
(Montreal) The annual remuneration of former Gildan boss Glenn Chamandy has approached US$10 million over the past three years, even though the board of directors accuses him of having “considerably…
Gildan | Accused of being “distracted and absent”, the former boss obtained 10 million in 2023
(Montreal) The annual remuneration of former Gildan boss Glenn Chamandy has approached US$10 million over the past three years, even though the board of directors accuses him of having “considerably…
Gildan CEO presents more conservative view than Browning West
Two weeks after an activist Gildan shareholder revealed his strategy to double the Montreal clothing maker’s profits per share within five years, it was the turn of Gildan’s new CEO…
Browning West unveils cost-cutting plan for Gildan
An activist investor seeking to reinstate Glenn Chamandy as Gildan CEO says he wants to cut the clothing maker’s costs and increase its market share in a bid to boost…
Gildan sales process proves need to reconstitute board, says Browning West
The institutional shareholder leading the battle to bring Gildan’s founder back at the helm of the Montreal clothing maker says the sale process launched by the company proves the need…
Gildan in talks with potential buyers
At the heart of the turmoil since December, the 15e major Quebec company on the stock market is now for sale. And the name of the conglomerate led by American…
Gildan accused of “shameless publicity stunt” by a shareholder
Two days after Gildan accused Los Angeles investment firm Browning West of peddling a misleading story about its CEO in a New York daily, the dissident shareholder accuses the Montreal…
Gildan exceeds expectations and improves its dividend
Montreal clothing manufacturer Gildan on Wednesday presented year-end financial performance that was better than expected for the quarter during which its CEO was fired, leading to protests from several institutional…
Gildan | A dissident shareholder met with the new CEO
New Gildan CEO Vince Tyra met last Friday with representatives of Browning West, the Los Angeles investment firm that is leading a cabal to reconstitute the Montreal clothing maker’s board…
Former Gildan CEO goes on the attack to protect his reputation
Abruptly dismissed last month, the former CEO of Gildan is on the attack to protect his reputation tarnished in recent weeks by the board of directors of the Montreal clothing…
Gildan accuses dissident shareholder of violating the law
While defending for a month its decision to fire Gildan co-founder and CEO Glenn Chamandy, the board of directors of the Montreal clothing manufacturer is accusing a major dissident shareholder…
Gildan uncovers its ex-CEO’s relationships with dissident shareholders
As the battle for control of Gildan continues, the Montreal clothing manufacturer released new information on Tuesday about the conduct of its former CEO Glenn Chamandy, including his relations with…
Gildan accuses ex-CEO of having maintained close relations with shareholders
Gildan accuses its recently fired former boss of having inappropriate relationships with some of the shareholders who are calling for his reinstatement. In a statement released Tuesday, the company said…
Gildan advances the inauguration of its new CEO
As feared by a major disgruntled shareholder, the successor designated to succeed Glenn Chamandy at the head of Gildan will take office on Monday, a month earlier than expected. Posted…
Gildan founder “offended” by his CA’s allegations
The former boss of Gildan, Glenn Chamandy, says he is “offended” by the allegations from the board of directors of the Montreal company, which accuses him of being an “ineffective”…
Gildan counsel makes another charge against Glenn Chamandy
The power struggle is getting worse at Gildan as the board of directors launches a new charge against former CEO Glenn Chamandy, notably denouncing his commitment and behavior described as…
Governance crisis at Gildan | A shareholder rebellion takes shape
An attempted rebellion is taking shape at Gildan, where a second major shareholder is supporting an offensive aimed at ejecting directors of the Montreal clothing manufacturer and bringing co-founder Glenn…
The wise investor | Gildan is no longer unanimous
Every Sunday, we shine the spotlight on elements of financial and stock market news that may be useful to investors, but which might have gone under the radar Posted at…