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in Fashion

Gildan’s Entire Board Resigns, Handing Victory to Activist Browning West

by Editor May 25, 2024, 5:10 am 2k Views

Gildan’s Entire Board Resigns, Handing Victory to Activist Browning West

Gildan Activewear Inc.’s entire board of directors and chief executive officer Vince Tyra quit, conceding defeat after a bruising five-month battle with an activist shareholder over the future of the Canadian clothing maker.

The mass resignation is a victory for Los Angeles-based investment firm Browning West LP, owner of about 5 percent of Gildan’s shares. It gains control of the board, installing United Rentals Inc. chair Michael…

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