The Daily Chase: The fight for Gildan is over

Here are five things you need to know this morning.

Chamandy and Browning West win Gildan fight: The battle for control of Gildan Activewear appears to be over, as CEO Vince Tyra and the company’s entire board has resigned ahead of a scheduled vote next week on who will control the company. The dramatic development is a major win for activist investor Browning West, which owns five per cent of the company and went on the offensive when long-time CEO Glenn Chamandy was unceremoniously turfed late last year. Browning West wanted Chamandy to return, and the whole saga was set to come to a head next week at the company’s AGM with a shareholder vote. But preliminary results of that voting made it clear which way things were going, and the board and the new CEO conceded defeat. Browning West has taken temporary control of the board, named Michael Kneeland as chair and reinstated Chamandy as CEO. We will have extensive coverage throughout the day on the developing story.

SEC ruling a major step toward Ethereum ETFs: The cryptocurrency industry is one step closer to a major landmark ruling after the U.S. Securities & Exchange Commission paved the way for the eventual launch of ETFs tied to the spot price of Ethereum. The regulator has greenlit the 19b-4 form of one issuer seeking to launch such a product. It would still have to approve the so-called S-1 form before they could begin trading, but it’s a major step toward full approval, and the price of Ethereum is responding accordingly.

London Drugs hackers make good on threat to release stolen data: Retailer London Drugs says cybercriminals who stole files from its corporate head office last month have released some of the data after it refused to pay a ransom. The company said in a statement to the Canadian Press that the files may contain "some employee information," calling it a "deeply distressing" situation. The company made the statement after B.C.-based threat analyst Brett Callow, with anti-virus software company Emisoft, said hacker group LockBit had released 300 gigabytes worth of data on the dark web on Thursday. The retailer is offering its staff two years of credit monitoring service free of charge.