Gildan (GIL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Gildan Activewear said Glenn Chamandy, the company's former CEO, will return as CEO following the resignation Thursday evening of Vince Tyra, president and CEO, and the entire board of directors.
The clothing maker's board has been clashing with Browning West and seven other investors that own a total of 35% stake in the company following the ouster of co-founder Chamandy in December.
The entire board of Gildan Activewear is resigning in favor of activist Browning West's eight nominees, a win for ousted founder Glenn Chamandy days ahead of the company's annual meeting. Gildan is a major apparel supplier for companies like Amazon and Target, and also owns American Apparel.
Canadian apparel maker Gildan Activewear said on Thursday its board of directors has resigned and its CEO Vince Tyra has stepped down to be replaced by former top boss Glenn Chamandy.
Investors looking for stocks in the Textile - Apparel sector might want to consider either Gildan Activewear (GIL) or Kontoor Brands (KTB). But which of these two companies is the best option for those looking for undervalued stocks?