Gildan Activewear, a Canadian clothing manufacturer known for owning the American Apparel brand, has been put up for sale. The decision comes after a prolonged battle for control of the company and a review by a special committee. The board has formed a committee to consider potential bids, with several potential buyers already expressing interest in a friendly takeover. Among the interested parties is the private equity firm Sycamore Partners. The sale has attracted attention from investors, with Gildan's stock, $GIL, experiencing a notable increase. This development was anticipated by Hedgeye Retail, which had previously identified Gildan as a top long investment and a 'Best Idea Long' following the replacement of the company's founder in December.