MONTREAL — A U.S. investor who is seeking to replace a majority of the directors at Gildan Activewear Inc. says the current board cannot be trusted to...
MONTREAL — A U.S. investor who is seeking to replace a majority of the directors at Gildan Activewear Inc. says the current board cannot be trusted to oversee a sale process for the company.
In response, the company's board has formed a special committee of independent directors to consider the proposal and contacted other potential bidders. Browning West, with the support of Gildan's largest shareholder Jarislowsky Fraser, wants to replace eight members of the Gildan board in a move to reinstate Chamandy. -- Nvidia Corp. Chief Executive Officer Jensen Huang’s highly anticipated keynote failed to move the needle for his stock. But it turned out to be good for many of the company’s customers and partners.
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Gildan says allegations by key shareholder Browning West violated U.S. securities lawIn a letter sent to the U.S. SEC, Gildan alleged that the U.S. investment fund has been spreading falsehoods about the clothing maker’s new CEO, Vince Tyra
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Browning West says Gildan Activewear failed to vet CEO, calls latest allegations a publicity stuntThe investment fund’s rebuttal to Gildan’s letter caps off a week of warring words between the investor and Montreal-based wholesaler
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Major Canadian Gildan shareholder weighs in on dramatic boardroom sagaOne of Gildan Activewear Inc.’s largest shareholders says the increasingly bitter feud between the company’s board of directors and its former CEO “never should have ended” in such dramatic fashion.
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Gildan accuses shareholder of planting misleading story about new CEO as leadership battle turns bitterCompany has been engulfed in an intense power struggle since the board dismissed Glenn Chamandy after a 40-year tenure
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Gildan's new CEO attempts to soothe shareholders amid higher Q4 profit, dividend hikeGildan Activewear Inc.'s strong market share and higher fourth-quarter profit puts it in an enviable position even as there's 'a lot of opportunity to grow,' the company's new chief executive said as financial analysts asked about his plans for the clothing maker.
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Gildan accuses ex-CEO of close relationship with shareholders calling for his returnGildan Activewear Inc. is escalating an ongoing public battle for control of the Montreal-based apparel company, accusing its recently terminated CEO of having inappropriately close relationships with some of the shareholders calling for his reinstatement.
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