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Gildan Rings the Opening Bell on the New York Stock Exchange
Gildan Activewear Gildan Activewear (US:GIL) GlobeNewswire News Room·2024-12-02 18:59

Core Insights - Gildan Activewear Inc. celebrated its 40th anniversary and 25th anniversary of being listed on the NYSE, highlighting its long-term growth and commitment to sustainable practices [2][4]. Company Overview - Gildan is a leading manufacturer of everyday basic apparel, offering products such as activewear, underwear, and socks, marketed under various brands including Gildan®, American Apparel®, and Comfort Colors® [5]. - The company operates large-scale, vertically integrated manufacturing facilities primarily located in Central America, the Caribbean, North America, and Bangladesh [6]. Business Model and Practices - Gildan distinguishes itself through a vertically integrated manufacturing model, being one of the largest domestic consumers of U.S. cotton, and emphasizes the importance of how products are made, focusing on worker safety, community support, and environmental initiatives [3][4]. - The company has a strong commitment to industry-leading labor, environmental, and governance practices, which are embedded in its comprehensive ESG program [6]. Leadership Perspective - Glenn J. Chamandy, President and CEO, expressed optimism for the future, emphasizing the company's commitment to sustainable growth and the positive impacts made in communities over the past four decades [4].