Aug 1, 04:39 PM

Gildan Activewear Faces US$77 Million Proxy Battle Costs, Reinstates CEO Chamandy

Apparel maker Gildan Activewear incurred approximately US$77 million in costs due to a proxy battle with shareholders. This conflict led to the reinstatement of CEO Glenn Chamandy after a five-month absence. The company reported that US$57 million of these costs were recorded in the second quarter. Chamandy, now back at the helm, aims to reduce the cost of making T-shirts.

#Gildan Activewear #Glenn Chamandy #Chamandy

Written with ChatGPT (GPT-4o).

Sources

WSJ Business News@WSJbusiness
2 years ago
Reinstalled Gildan CEO Chamandy Wants to Make T-Shirts for Less https://t.co/irdXoZ1vwJ
National Post@nationalpost
2 years ago
Gildan says proxy battle cost US$57 million in Q2 as CEO returns to helm https://t.co/LRNNe2DHRg https://t.co/UBQXuJnn4r
The Globe and Mail@globeandmail
2 years ago
Gildan proxy fight that plunged company into turmoil cost nearly US$77-million https://t.co/ZzBeeIfijN

Gildan Activewear Faces US$77 Million Proxy Battle Costs, Reinstates CEO Chamandy

Sources

Additional media

Similar Stories