Welcome to our dedicated page for Gildan Activewr news (Ticker: GIL), a resource for investors and traders seeking the latest updates and insights on Gildan Activewr stock.
Gildan Activewear Inc. (GIL) generates frequent news as a manufacturer of everyday basic apparel with a vertically integrated, large-scale production platform. Company updates often highlight developments in its activewear, underwear, socks, hosiery and intimates categories, as well as changes in its brand portfolio and customer channels across North America, Europe, Asia Pacific and Latin America.
Recent news has focused heavily on Gildan’s acquisition of HanesBrands Inc., which the company describes as creating a global basic apparel leader and doubling its revenues. Coverage includes the initial merger agreement, financing plans such as the pricing of senior unsecured notes, and the subsequent announcement that the acquisition has been completed, along with commentary on expected cost synergies and expanded scale.
Investors following GIL news will also see quarterly earnings releases detailing net sales, operating margins, category performance in Activewear and Hosiery and underwear, and commentary on the Gildan Sustainable Growth (GSG) strategy. These releases often include updated full-year guidance, information on capital allocation such as dividends and share repurchases, and discussion of demand trends in key markets.
Additional news items cover distribution partnerships and conferences, including exclusive wholesale distribution arrangements with S&S Activewear in the Canadian and U.S. imprintables markets, and participation in institutional investor and industry conferences. For readers tracking GIL, this news page provides a centralized view of corporate announcements, financial results, strategic transactions and channel partnerships related to Gildan’s basic apparel business.
Gildan has announced a significant charitable contribution of $200,000 worth of American Apparel® and Gildan® garments to FireAid, a benefit concert supporting Los Angeles wildfire victims. The donated apparel will be sold at the event, with all proceeds directed towards both immediate relief efforts and long-term fire prevention initiatives in Southern California.
The FireAid concert, scheduled for January 30, 2025, will feature dual performances at the Intuit Dome and Kia Forum in Los Angeles. The event will be accessible through multiple broadcast and streaming platforms, including select AMC Movie Theaters. Chuck Ward, President of Sales, Marketing and Distribution at Gildan, emphasized the company's commitment to responsible manufacturing and community support in regions where they operate.
Gildan is showcasing its latest product innovations and styles at the Impressions Expo Long Beach, featuring updates across its brand portfolio including Gildan®, Comfort Colors®, American Apparel®, and Champion®. Key highlights include:
The company introduced new Plasma Print Technology for enhanced direct-to-garment printing and Soft Cotton Technology for improved fabric quality. Gildan® is launching new styles in its Light Cotton™, Hammer Maxweight, and Softstyle™ Midweight Fleece collections.
Comfort Colors® celebrates its 50th anniversary with new colors in popular styles and upcoming women's silhouettes for 2026. American Apparel® unveiled new colors in iconic styles and introduced a Super Heavyweight collection. Through a licensing agreement with Authentic Brands Group, Gildan is presenting Champion®'s athletic apparel collection featuring various styles.
Gildan Activewear (TSX:GIL)(NYSE:GIL) has secured its position in the Dow Jones Sustainability North America Index for the 12th consecutive year, as announced on January 6, 2025. The company achieved remarkable performance, ranking in the 98th percentile among 189 companies in the Textiles, Apparel, and Luxury Goods industry, and stands as the only apparel manufacturing company included in the DJSI North America.
CEO Glenn Chamandy emphasized that ESG remains integral to Gildan's long-term business strategy, with their Next Generation ESG strategy embedded within the Gildan Sustainable Growth initiative. The DJSI, representing the top 20% of the largest 600 North American companies in the S&P Global Broad Market Index, evaluates companies based on Environmental, Social, Governance & Economic criteria using a best-in-class approach.
Gildan Activewear (GIL: TSX and NYSE) has achieved a significant milestone by being included in the Dow Jones Sustainability™ North America Index (DJSI North America) for the 12th consecutive year. The company demonstrated exceptional ESG performance, ranking in the 98th percentile among 189 companies in the Textiles, Apparel, and Luxury Goods industry, and stands as the only apparel manufacturing company in the index.
The DJSI North America represents the top 20% of the largest 600 North American companies in the S&P Global Broad Market Index, evaluating companies based on Environmental, Social, Governance & Economic criteria. Gildan's consistent inclusion reflects its two-decade commitment to sustainability, with its Next Generation ESG strategy integrated into the company's Sustainable Growth strategy.
Gildan Activewear has successfully raised over CAN$150,000 through a three-week internal campaign at its Canadian head office to support Centraide, an organization helping families overcome poverty, homelessness, and isolation in the Greater Montreal region. The fundraising combines employee contributions, campaign activities, and company matching. The initiative aligns with Gildan's Next Generation ESG strategy goal of allocating 1% of pre-tax earnings to community investment by 2026.
The funds will support Montreal-based agencies that assist approximately 315,000 people living in poverty, addressing issues such as financial insecurity, family isolation, educational support, youth employment, and social exclusion.
Gildan launched its first Global Employee Volunteer Month, engaging approximately 670 employees who contributed 3,800 hours to community service worldwide. The initiative aligned with the company's Community Investment Policy and Next Generation ESG strategy, focusing on education, environment, and community support.
Key activities included: partnering with First Book Canada to create libraries for 110 children from low-income communities; environmental education programs in Honduras with World Vision; distributing educational kits to over 3,500 students in the Dominican Republic; planting 7,500 trees in Nicaragua; providing school supplies to 500 students in Bangladesh; and supporting 2,200 U.S. students with backpack distributions. Australian employees also participated by packing care kits with clothing for communities in need through Good 360.
Gildan Activewear marked two significant milestones by ringing the Opening Bell at the NYSE: its 40th anniversary as a company and 25th anniversary of NYSE listing. President and CEO Glenn J. Chamandy led the ceremony, accompanied by senior leadership and board members. The company highlighted its position as one of the largest U.S. cotton consumers, emphasizing its vertically integrated manufacturing model. Gildan's four-decade journey showcases growth and commitment to sustainable practices, focusing on worker welfare, community support, and environmental initiatives while executing its Sustainable Growth strategy.
Gildan Activewear announced pricing of a C$700 million senior unsecured notes offering in two series: C$500 million of 4.362% notes due 2029 and C$200 million of 4.711% notes due 2031. Both series will be issued at par with semi-annual interest payments starting May 22, 2025. The proceeds will be used to repay existing credit facilities and for general corporate purposes. The notes, rated BBB with stable trend by DBRS , will be offered through a syndicate led by BMO Capital Markets, CIBC Capital Markets, and Scotiabank. The offering is expected to close around November 22, 2024.
Gildan's Australian office achieved a significant milestone in 2023 by having all employees certified in mental health first aid. The initiative, led by Sales Director David Hillen, began after his personal experience helping a colleague with mental health issues. The certification program, provided by Mental Health Foundation Australia, equipped employees with tools to identify and support individuals facing mental health challenges. The office-wide implementation has resulted in more open discussions about mental health and created a safer workplace environment. Hillen, who became a certified trainer himself, successfully gained management support and gradually implemented the program, which covers four broad mental health topics and practical intervention strategies.
Gildan highlights its commitment to employee development through comprehensive Learning and Development (L&D) initiatives. The company's administrative employees completed over 35,000 training hours through Gildan Academy in 2023, while total organization-wide training reached 2.5 million hours. Key programs include the Leading the Gildan Way program, which has trained over 600 managers across eight countries, and the Women in Leadership program, with a 45% promotion rate among graduates. The company implements various development tools including online resources, mechanic training programs, and Six Sigma Academy, all aligned with Gildan's competency framework focusing on five core competencies.