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.

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