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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 recognition, and efficiency of manufacturing. Reading between the lines, he is not going to do any crazy stuff like his predecessor had apparently been on the track for doing. Rumors had them buying distributors and making all kinds of moves, none of that is apparently in play now.

The other thing is that profits are predicted to be flat, cash up but not from sales, but rather from no capital investments.

Gildan will continue to be a very solid if sometimes unspectacular option in our industry, no big changes.





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