Gildan facing shareholder lawsuit

Montreal – Gildan Activewear shareholder Browning West, which holds approximately 5% of the company’s outstanding shares, has filed a lawsuit against the activewear giant to ensure the rights of shareholders are preserved at May’s annual meeting of shareholders.
The lawsuit, filed at the Superior Court of Quebec – Commercial Division against Gildan and the company’s board of directors, is the latest stage of the shareholder revolt that has engulfed Gildan since the late-2023 sacking of chief executive officer Glenn Chamandy.