Gildan Activewear Up for Sale Amid Boardroom and Shareholder Dispute

The Canadian apparel company has received multiple takeover offers following a contentious battle over leadership and strategic direction.

Gildan Activewear, known for owning the American Apparel brand, is reviewing several friendly takeover offers.
The company's board has been in a dispute with institutional investors, leading to the firing of CEO Glenn Chamandy and the appointment of Vince Tyra.
Investment firms including Goldman Sachs and RBC Capital Markets are advising Gildan on the sale process.
Shareholder Browning West is leading a group seeking to reinstate Chamandy and elect a new board.
Gildan's stock jumped 10% before trading was halted, reflecting investor response to the sale news.