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Turtle Creek says the current board does not have a mandate, nor the confidence of Gildan shareholders, to run a process that could result in the sale of the company
Breaking News, Sports, Manitoba, Canada
The review of options by the company comes as Gildan has been embroiled in a fight over who should lead the firm since it announced late last year that co-founder and then-chief executive Glenn Chamandy would be replaced as CEO by Vince Tyra.
The shareholder leading a campaign against Gildan Activewear's board said efforts at a friendly takeover may undervalue the company. Read on
Clothing manufacturer Gildan Activewear, mired in a fight with investors, said it has potential buyers interested in a takeover. Read more.