Former CEO Reveals Plan to Boost Gildan Activewear's Profits by 2028

By
Antonio Vázquez Escudero
1 min read

Former CEO of Gildan Activewear, Glenn Chamandy, outlines a strategy to nearly double the company's profits by 2028, aiming for a stock price of over $100 in about five years. His plan involves borrowing more, accelerating stock buybacks, and avoiding large acquisitions. This comes after a bitter fight with board members over succession, leading to his dismissal in December. If successful, his strategy could significantly increase earnings per share and propel the stock price to new highs, benefiting investors.

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