U.S. investor Browning West sues Gildan Activewear, seeking a timely annual meeting with an independent chair and accusing the company of entrenchment, while attempting to replace eight board members.

U.S. investor Browning West filed a lawsuit against Gildan Activewear Inc. and its board to ensure the annual meeting takes place on May 28, without delay and under the oversight of an independent chair. Browning West accuses Gildan and its board of pursuing a strategy of entrenchment, obfuscation, and disparagement of dissenting shareholders, prioritizing their own personal interests. The investor is attempting to replace eight members of the Gildan board in an effort to reinstate co-founder and former CEO Glenn Chamandy.

March 12, 2024
19 Articles