Live at 3:30: Gildan CEO Glenn Chamandy speaks with BNN Bloomberg

After Gildan Activewear Inc.’s entire board of directors and Chief Executive Officer quit last week, BNN Bloomberg will speak with Glenn Chamandy, the clothing company’s reappointed CEO and president, to discuss the five-month feud with activist investors and the future of Gildan under his reinstated leadership.

Chamandy, whose grandfather founded Gildan, was ousted from the top job last year, amidst accusations that he was unfit to run the Montreal-based clothing company. 

Gildan, an owner of the American Apparel brand, is one of the world’s largest manufacturers of affordable T-shirts, and has become a US$6 billion company through a strategy of manufacturing in cheap-labour countries and providing to major North American retailers such as Walmart Inc.

In December of 2023, Gidan’s board of directors announced that Chamandy, who helmed the company for nearly 20 years, would be replaced by former Fruit of the Loom Inc. executive Vince Tyra. At the time, the board provided no reasons for the decision, but later claimed that Chamandy threatened to quit unless the company worked towards a major acquisition, a claim Chamandy denied. Gildan’s board also said that the former CEO was distracted and “rarely in the office.”