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Rick Roth

Gildan Announces First Quarter Results

Gildan announced first quarter results. Basically you can read the details in the link above but it is business as usual, no planned capital investments and they expect a modest but profitable 2024. Actually for the doom and gloom I heard from some parts of our industry, this is probably pretty good news as Gildan’s…

Gildan Forges Ahead, Business as Usual Perhaps Restored

Gildan new press release came out today. Headline is, “Gildan Activewear Announces Board Refreshment to Support CEO Vince Tyra and Gildan’s Next Phase of Sustainable Growth.” Synopsis: Investment company Browning West tried to put the old CEO Glenn Chamandy back in charge. He was apparently leading Gildan into uncharted waters and also not headed into…

New CEO Charts Course for Gildan

You can check out the Gildan new press release yourself, but I’ll translate it as best I can, and I don’t mean from the version in French (Gildan was originally based in French speaking Canada.) Basically the new CEO Vince Tyra is going to build on the traditional Gildan basics, good supply chain, brand name…

Posters for a Good Cause in Atlantic City

By virtue of the generosity of the garment decoration community, the Ink Kitchen has been able to organize a substantial donation of almost $7,000 to Adelaide’s Place. Adelaide’s Place is an Atlantic City program serving women in-need that offers a safe place, a warm meal, referrals to sources of assistance, and a place to meet.…

Gildan For Sale?

Somewhat out of the blue, Gildan Corporation issued a press release that they could be up for sale: “In response to the receipt of a confidential non-binding expression of interest to acquire Gildan, Gildan’s Board formed a Special Committee of independent directors to, among other things, review and consider the merits of the proposal and…

NIKE and Fanatics Roasted for New Crappy MLB Uniforms

Major league baseball players and fans alike are complaining about the new uniforms designed by NIKE and made by Fanatics. Fanatics founder Michael Rubin says, “This is a little bit of a difficult position,” he said recently at the MIT Sloan Sports Analytics Conference. “We’re purely doing exactly as we’ve been told, and we’ve been…

Quick Check on What’s New at Ikonics/Chromaline

I had the pleasure of visiting Ikonics (selling Chromaline branded products) in Duluth, MN. I have made prior visits and have previously seen their impressive production facility and met their impressive roster of dedicated employees. Those visits are documented here and here. Checking in on them they continue to make great emulsions with great quality…

Dave Gardner Selected for Lifetime Achievement Award

At the recent Impressions Expo in Long Beach, Dave Gardner was awarded the third ever Lifetime Achievement Award by Ink Kitchen and Impressions. You can read about it here in Impressions Magazine. Dave pioneered simulated process printing and has created t-shirt color separations and artwork that are the gold standard to which all other printers…

Gildan Board Issues Strident Rebuke to Ex-CEO

Gildan’s Board of Directors have just released a detailed and highly critical timeline of events leading to Glenn Chamandy’s firing in early December. You can read the press release here. Allegations in this release include that “Mr. Chamandy failed to disclose that he had invested in funds managed by a Gildan shareholder who has now…

Gildan Makes Transition to New CEO Vince Tyra

  Despite the efforts to stop it by a couple of investors, Gildan has not only proceeded with new CEO Vince Tyra, they moved up his start date to January 15th from an original start date late in February, and Vince changed all his personal plans and he was in attendance Day One at the…

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