Business Brief: Gildan reveals the high price of winning

Let’s begin with a tale as old as time: A battle for money and power leaves a trail of heartbreak and destruction.

Alberta business owners facing losses from wildfire damage can get help navigating the crisis to ensure that they can limit the drain on cash flows and support their employees. Estella RenLightspeed Commerce Inc. is pledging to sharply increase its subdued pace of customer and subscription growth in the second half of its fiscal year, Sean SilcoffFirst, a quick jog through memory lane:

Days after the announcement, Browning West, one of the company’s largest shareholders, launched an activist campaign to bring him back.We’ve already noted that US$77-million is more than US$40-million. But let’s also consider the market capitalization of the companies in question:In an interview after the company reported its earnings – his first since getting his job back as CEO in May – ChamandyThe Globe’s Nicolas Van Praet the proxy-battle price tag was an “abusive” waste of money.

As one analyst told Van Praet: “It’s a bit mind-blowing but there’s no war without cost,” said François Dauphin, chief executive of the Montreal-based Institute for Governance of Private and Public Organizations.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Brief: The price we pay for borrowing and breadMacklem makes a second-consecutive lending-rate cut, and Loblaws settles over alleged scheme to fix bread prices
Source: globebusiness - 🏆 31. / 66 Read more »

Business Brief: Can Lil Yachty save McDonald’s?Why falling sales mean we ought to look beyond burgers
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: From the wildfires, new battles emergeWeighing the true cost of disaster in Alberta, B.C., the rest of the country and beyond
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: In a global tech outage, paper’s enduring role unfoldsPaper gets its moment in the sun, a controversy over artificial diamonds, and a central bank decision
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: What another rate cut would do to mortgagesAlso in today’s edition: An important story about climate change hitting corporate profits, but it’s mostly about mortgages
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: A growing Trump wave reaches Canada’s shoresYes, there are still 112 days until the election. Also in today’s edition: Gold shines again
Source: globeandmail - 🏆 5. / 92 Read more »