Five things to watch for in the Canadian business world in the coming week

Gildan Activewear Inc. chief executive Vince Tyra will present an investor update on Monday, marking his first 90 days in the job. The presentation comes as activist investor Browning West seeks to replace a majority of directors on the company's board in a move to reinstate founder Glenn Chamandy as chief executive of the clothing company.Statistics Canada will release its latest inflation reading on Tuesday morning. The consumer price index rose 2.

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Major Canadian Gildan shareholder weighs in on dramatic boardroom sagaOne of Gildan Activewear Inc.’s largest shareholders says the increasingly bitter feud between the company’s board of directors and its former CEO “never should have ended” in such dramatic fashion.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Canadian apparel maker Gildan Activewear is up for saleThe Gildan logo is seen outside their offices in Montreal, Monday, Dec. 11, 2023. The Canadian company said on Tuesday the board has decided to put the clothing maker up for sale following a review by a special committee.
Source: CBCAlerts - 🏆 37. / 63 Read more »

Gildan says allegations by key shareholder Browning West violated U.S. securities lawIn a letter sent to the U.S. SEC, Gildan alleged that the U.S. investment fund has been spreading falsehoods about the clothing maker’s new CEO, Vince Tyra
Source: globebusiness - 🏆 31. / 66 Read more »

Browning West says Gildan Activewear failed to vet CEO, calls latest allegations a publicity stuntThe investment fund’s rebuttal to Gildan’s letter caps off a week of warring words between the investor and Montreal-based wholesaler
Source: globebusiness - 🏆 31. / 66 Read more »

Gildan accuses shareholder of planting misleading story about new CEO as leadership battle turns bitterCompany has been engulfed in an intense power struggle since the board dismissed Glenn Chamandy after a 40-year tenure
Source: globeandmail - 🏆 5. / 92 Read more »