02:03:06 EDT Tue 07 May 2024
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or Name
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Gildan Activewear Inc
Symbol GIL
Shares Issued 168,581,402
Close 2024-03-13 C$ 47.34
Market Cap C$ 7,980,643,571
Recent Sedar Documents

Globe says battle for control of Gildan gets nasty

2024-03-14 07:30 ET - In the News

The Globe and Mail reports in its Thursday, March 14, edition that Gildan Activewear has accused Browning West of planting a false story in the American media about the company's recently appointed chief executive officer, Vince Tyra. The Globe's Nicolas Van Praet and Robyn Doolittle write that Browning West has denied the allegations. Browning West is a key player among a group of nine dissident investors who hold an estimated combined 35 per cent of Gildan's stock. These shareholders want Glenn Chamandy reinstated as CEO. On Tuesday, The New York Post reported that when Mr. Tyra was running a different company two decades ago, he was involved in an affair with a female subordinate, who currently holds a senior leadership position at Gildan. In the article, the Post quoted an unnamed Gildan shareholder as saying: "If a CEO behaves like this again, we will get MeTooed. That is not good for us." However, in interviews with The Globe, Mr. Tyra and the female executive -- a woman named Patti Lambert Simetz, who is Gildan's vice-president -- said this is a deliberate mischaracterization of a brief relationship between two consenting, unattached adults. The story, they say, is an uncalled-for personal smear.

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