financetom
Business
financetom
/
Business
/
Apparel maker Gildan recommends two Browning West nominees to board
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Apparel maker Gildan recommends two Browning West nominees to board
Apr 22, 2024 3:38 AM

April 22 (Reuters) - Gildan Activewear ( GIL )

recommended the election of two Browning West nominees to its

board on Monday, ahead of its annual and special shareholder

meeting on May 28.

The Canadian clothing maker's board has been clashing with

activist fund Browning West, which owns 5% of Gildan, following

the ouster of co-founder and CEO Glenn Chamandy in December.

In January, Browning West escalated its fight with Gildan,

expanding its list of board candidates to eight from five and

called an annual and special shareholder meeting amid the

ongoing dispute to replace a majority of its board members and

reinstate Chamandy as CEO.

On Monday, the board recommended the election of Karen

Stuckey and J.P. Towner, nominated by Browning West. It also

appointed five new independent directors to its board effective

May 1, 2024.

Gildan had said in March its board decided to put the

company up for sale and is in talks with multiple bidders.

The company added on Monday that external interest in an

acquisition persists and the process is ongoing.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Zoox launches its first robotaxi production facility, taking on Tesla and Waymo
Zoox launches its first robotaxi production facility, taking on Tesla and Waymo
Jun 18, 2025
(Reuters) -Amazon's ( AMZN ) Zoox has opened its first robotaxi serial production facility, it said on Wednesday, marking a crucial step towards launching a commercial robotaxi service that will compete with Alphabet's Waymo and Tesla. Zoox is testing in various U.S. cities with more than 20 vehicles and plans to launch the commercial services in Las Vegas this year,...
Udemy Acquires Design Tools Firm Lummi
Udemy Acquires Design Tools Firm Lummi
Jun 18, 2025
11:00 AM EDT, 06/18/2025 (MT Newswires) -- Udemy ( UDMY ) said Wednesday that it has acquired Lummi, a provider of artificial intelligence-powered design tools. Udemy ( UDMY ) said Lummi is now part of its Innovation Studio and is expected to help advance the group's product innovation and tool development. Price: 6.94, Change: +0.03, Percent Change: +0.36 ...
Zoox launches its first robotaxi production facility, taking on Tesla and Waymo
Zoox launches its first robotaxi production facility, taking on Tesla and Waymo
Jun 18, 2025
June 18 (Reuters) - Amazon's ( AMZN ) Zoox has opened its first robotaxi serial production facility, it said on Wednesday, marking a crucial step towards launching a commercial robotaxi service that will compete with Alphabet's Waymo and Tesla. Zoox is testing in various U.S. cities with more than 20 vehicles and plans to launch the commercial services in Las...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved