May 25, 2024 – Gildan Activewear Inc.  announced that the Board of Directors has appointed Glenn J. Chamandy as President and Chief Executive Officer and Michael Kneeland as non-executive Chair of the Board, each effective immediately.

Glenn J. Chamandy, Gildan’s co-founder and President and CEO commented “I’m extremely excited to return as Gildan’s CEO and am gratified for the incredible support I have received from both shareholders and employees over the past six months. I’m proud of our dedicated employees for their hard work and focus through a tumultuous period. The resilience of the team and the high quality of our newly seated Board give me great confidence that Gildan’s best days are yet to come.” (more…)

May 24, 2024 – Gildan Activewear Inc. announced that the full Board of Directors has resigned, and Vince Tyra has stepped down as President and Chief Executive Officer, effective at the end of the day. The outgoing Board has appointed Browning West nominees to the Board of Directors, effective at that time. The outgoing Board has ceased discussions regarding the previously announced sale process.

Shareholders have made their views clear as we approach the May 28, 2024 Annual Meeting. The outgoing directors believe that it was in the best interests of all Gildan stakeholders for them to resign and not stand for election at the upcoming Annual Meeting, allowing the new Board to be seated so that it can oversee the Company in the most orderly and efficient manner. The outgoing directors wish the new directors, the management team, Gildan’s 45,000 employees, and its shareholders success in the future.

May 21, 2024 –  The Western Imprint Canada Show in Calgary will be rescheduled to one week later, now taking place Friday September 27 and Saturday September 28, 2024.

The decision to move the Show a week back came about as a result of feedback from industry members that the final week of the month better suited their schedule and trade show needs.

“We have always chosen our schedule based on the expressed needs of the industry, but it’s critical to remain fluid and ready to adapt as necessary,” said Tony Muccilli, Show

Manager. “Things change and we are happy to adjust as well in order to meet the best interests of the industry, which remains Imprint Canada’s primary objective.”

The rescheduling was met with approval by those who requested the new dates, as well as by others who had been previously content to keep the original dates. Upon hearing the reasoning for the adjustment, support for the new dates was overwhelming.

“Based on the outreach for this change, we’re excited to see how invested buyers and suppliers are in the success of the event. It bodes well for the Show!” Muccilli added.

Buyers can sign up free-of-charge at ImprintCanada.com, and for those who have already registered, they do not need to sign up again, their registrations will be processed based on the new dates.

For more information, please contact feedback@imprintcanada.com.

May 8, 2024 – Gildan Activewear Inc. (GIL: TSX and NYSE) announced it has reached an agreement to issue CAD$200 million aggregate principal amount of senior unsecured notes to Caisse de dépôt et placement du Québec (“CDPQ”) on a private placement basis. The notes will bear interest at a rate of 6.0% per year and will mature 5 years from the issuance date. Gildan intends to use the net proceeds of the issuance to fund its common share repurchase program and for the repayment of maturing outstanding debt.

Gildan has agreed to maintain strong local leadership and its global headquarters in Québec for a minimum of 7 years, and has committed to becoming a Global Minimum Taxpayer.

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April 22, 2024 – Gildan Activewear Inc. announced a refreshed Board of Directors that has been thoughtfully constructed based on extensive shareholder engagement. The new Board will guide the Company’s next phase of growth under the leadership of President and Chief Executive Officer Vince Tyra and ensure the previously announced sale process is conducted in a manner that will benefit all shareholders of Gildan.

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April 11, 2024 – American & Efird Canada Inc., proudly unveils its latest innovation in embroidery supplies with the launch of ACCU-BOBBINS™. These embroidery bobbins, specifically designed with the sided style “L” Tex 16 White, cater to the diverse needs of embroidery professionals.

ACCU-BOBBINS™ epitomizes quality, meticulously engineered to seamlessly integrate with all embroidery machines. Whether you’re a seasoned artisan or a burgeoning enthusiast, these bobbins are crafted to enhance your embroidery experience, ensuring precision, reliability, and superior performance with every stitch.

ACCU-BOBBINS™ joins the esteemed A&E Family of Brands as the newest addition. For more information about ACCU-BOBBINS™ and how it can elevate your embroidery projects to new heights, please contact our dedicated Sales Support team at canada.client@elevatetextiles.com. Experience the difference with ACCU-BOBBINS™ and revolutionize your embroidery journey today.

Please contact Sales Support at canada.client@elevatetextiles.com for more information.

April 4, 2024 – The CSI GROUP is excited to welcome Donna Klaassen to our sales team as a multi-line representative.

Donna was the deserving recipient of the 2023 PPPC Multi-Line Rep Award! Her strategic mindset and attention to detail translate into one-of-a-kind, quality products for her many West Coast clients. Most recently, Donna was the 2021/2022 in-house multi-line rep for HPG Brands. 

“Donna is well-regarded throughout the promotional products industry for her marketing mind, “can do” attitude, and commitment to quality and deadlines”, says Orest Kostecki, VP of Sales for The CSI GROUP. “I am excited to have her talent on our team”.

For over 40 years, THE CSI GROUP (previously known as Canadian Spirit) has been supplying the promotions industry with personalized, low MOQ products, delivered fast from Canadian and US warehouses. CSI’s entrepreneurial spirit has grown the company to include 10 boutique brands, with many products no one else carries. 

I’m excited to offer The CSI GROUP’s premium collections to my clients. Their boutique brands open up a new world of low minimums and customization on a wide range of products!” – Donna Klassen, Founder of Ventura Sales 

Contact donna@venturasales.com and sign up to the Boutique Hub to get curated ideas for your clients.

March 29, 2024 – Augusta Sportswear Brands (“ASB”) and Founder Sport Group (“FSG”) today announced the combined company’s new corporate identity, Momentec Brands, and tagline “Outfitting Moments that Matter.” 

ASB and FSG were recently acquired by investment firm Platinum Equity.

Momentec Brands emerges as a leading supplier of team uniforms, off-field performance wear, and fan apparel tailored for the youth and recreational sports markets.  Momentec Brands will continue its unwavering commitment to provide its customers superior service by maximizing the strength of the two organizations in customer care, distribution and the critical day-to-day “count on us” execution.  Our core objective is to become your easiest partner to buy from, breaking down complexity and making designing and buying even custom uniforms a simple and fun experience

FSG CEO John Anton will serve as CEO of Momentec Brands and ASB CEO David Elliott will serve as Vice Chairman of the company, both positions effective April 1, 2024.

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