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Shareholders in Gildan Activewear, one of many world’s largest clothes makers, have demanded the reinstatement of its chief government and known as for the resignation of the American Attire proprietor’s chair.
Toronto-based Turtle Creek Asset Administration, which has a 3.2 per cent stake in Gildan, stated the December 11 dismissal of Glenn Chamandy created “important dangers, together with a lack of important management, broken worker morale, and threatened key buyer relationships”.
Its letter adopted that of Los Angeles-based Browning West, which owns 4.8 per cent of Gildan, demanding related motion, together with the removing of chair Donald Berg.
Chamandy stated he was dismissed “with out trigger” after 20 years with Gildan. Former Fruit of the Loom government Vincent Tyra was named as his substitute.
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