10:06:23 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Gildan Activewear Inc
Symbol GIL
Shares Issued 168,581,402
Close 2024-04-15 C$ 48.71
Market Cap C$ 8,211,600,091
Recent Sedar Documents

Globe says Gildan CEO seeks support for his leadership

2024-04-16 08:03 ET - In the News

The Globe and Mail reports in its Tuesday edition that Gildan Activewear chief executive officer Vince Tyra aims to gain support for his leadership before an important shareholder meeting next month. The Globe's Nicolas Van Praet writes that Mr. Tyra says Gildan intends to expand into overseas markets and reinforce its core brands as it plans for its next phase of growth. Speaking during an investor update Monday after his first 90 days as CEO, Mr. Tyra outlined how he has spent his time so far. He provided a snapshot of his general priorities for the company. Mr. Tyra's future could be decided in a proxy contest in the weeks ahead. Mr. Tyra has identified an opportunity to take advantage of Gildan's low-cost manufacturing base and expand its sales beyond the United States to select international markets, such as Western Europe. His plans also involve strengthening the company's three primary brands -- Gildan, Comfort Colors and American Apparel -- by emphasizing their high-quality and comfort attributes, rather than just their price and availability. This strategy aims to increase customer awareness and sales. Under his leadership, Mr. Tyra says, Gildan will continue to increase its dividend and buy back shares.

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