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Several Gildan shareholders, including the company's largest, Jarislowsky Fraser, have sought to have Chamandy reinstated.

U.S. investment firm Browning West is seeking a special meeting of shareholders to replace eight members of the Gildan board in a move to bring Chamandy back.

The Gildan board has said it replaced Chamandy because he had no credible long-term strategy for the company and had lost the board's trust and confidence in his ability to grow an increasingly complex organization.

In response, Chamandy has said he presented a comprehensive long-range plan in October that showed meaningful organic growth prospects for Gildan over the next five years.

This report by ¹ú²úÓÕ»ó¸£Àû was first published Jan. 12, 2024.

Companies in this story: (TSX:GIL)