Gildan Activewear, Inc.

Gildan Activewear, Inc.

Gildan Activewear, Inc.

Overview
Date Founded

1984

Headquarters

600 de Maisonneuve Boulevard West,Suite 3300,33rd floor,Montréal, QC H3A 3J2

Type of Company

Public

Employees (Worldwide)

53K

Industries

Apparel & Footwear
Wholesale: Consumer Non-Durables/Sundries

Company Description

Gildan is a marketer and globally low-cost vertically-integrated manufacturer of quality branded basic apparel. Gildan® is the leading activewear brand in the screenprint market in the U.S. and Canada. The brand is continuing to grow in Europe, Mexico and the Asia-Pacific region. The Company sells T-shirts, sport shirts and fleece as undecorated blanks, which are subsequently decorated by screenprinters with designs and logos. The Company is also one of the world’s largest suppliers of athletic, casual and dress socks sold to a broad spectrum of retailers in the U.S. Gildan markets its sock products under a diversified portfolio of company-owned brands, including Gold Toe®, PowerSox®, SilverToe®, Auro®, All Pro®, GT®, and the Gildan® brand. In addition, the Company supplies selective national retailer brands. The Company is also the exclusive U.S. sock licensee for the Under Armour® and New Balance® brands. In addition to socks, the Company is pursuing a strategy to grow its sales of branded underwear and activewear products in the U.S. retail market. With approximately 30,000 employees worldwide, Gildan owns and operates highly efficient, large-scale, environmentally and socially responsible manufacturing facilities in Central America and the Caribbean Basin and has begun the development of a manufacturing hub in Bangladesh to support its planned growth in Asia and Europe

Contact Data
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Executives & Employees

Co-Founder

Executive Vice President, Chief Financial & Administrative Officer

Vice President, General Counsel & Corporate Secretary

Head, Tax Department

President-Manufacturing

President, Printwear

Senior Vice President, North America

Director, Sourcing & Product Development

Senior Vice President-Finance & Corporate Development

Vice President, Corporate Citizenship

Board of Directors

Former President at Brown-Forman Corp.

Former Chairman, Chief Executive & Financial Officer at Bell Canada International, Inc.

Former Chief Information Officer at Monsanto Co.

General Counsel, Vice President-Real Estate & Legal Services at Canadian Broadcasting Corp.

Co-Founder at Gildan Activewear, Inc.

Former Partner at PricewaterhouseCoopers LLP (Canada)

Former President-Global Retail Division at Link Theory Holdings (US), Inc.

Vice Chairman & Co-President at Zumba Fitness LLC

Former Chief Executive Officer at The TDL Group Corp.

Former President & Chief Executive Officer at Imperial Tobacco Canada Ltd.

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Gildan Activewear, Inc.
Owners & Shareholders
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Jarislowsky, Fraser Limited is registered with the SEC as an investment adviser in the US under the Investment Advisers Act of 1940. The firm manages pension funds, endowment funds, corporate and private portfolios for clients in North America and overseas.

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Pzena Investment Management is a global investment management firm that employs a classic value investment approach. The firm began managing assets on January 1, 1996. Our solid return record and reputation for business integrity, research excellence, and devotion to our investment philosophy has led to significant growth in our business. As of February 28, 2013, the firm managed $18.9 billion in assets for leading corporate, public, and individual clients. Our team is made up of 69 employees. Our headquarters is in New York City, with a representative office in Melbourne, Australia.

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Cooke & Bieler employs a traditional, conservative, domestic equity, value investment strategy. They generally employ a long-term approach, rather than engaging in trading or speculative investment strategies. Cooke & Bieler are active, bottom-up managers who study the fundamental characteristics of companies and the industries in which they operate to reach a conclusion on their quality and intrinsic value. Their security analysis also emphasizes research meetings and interviews with corporate management. The firm seeks to take advantage of short-term but fixable problems, either industry-wide or in specific investee companies. The quality characteristics they insist on allow management time to fix internal issues, to outlast competitors in consolidating industries, or to take advantage of economic cycles. Cooke & Bieler believes that their explicit focus on price and quality differentiates them from other value oriented managers. They base their valuation on ten years of projected cash flow plus a terminal value, and our historical holding period has been 3 to 5 years. Cooke & Bieler provide investment advice with respect to the following strategies: Large Cap Value, Mid Cap Value, All Cap Value, Small Cap Value, SMID Cap Value and Balanced.

Recent Transactions
Details Hidden

Gildan Activewear, Inc. purchases SSINC Holdings, Inc.

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Gildan Activewear, Inc. purchases American Apparel LLC /American Apparel Brand from American Apparel, Inc.

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Gildan Activewear, Inc. purchases Richelieu Hosiery (Int'l), Inc.

Transaction Advisors
Legal Advisor

Advised onGildan Activewear, Inc. purchases GoldToeMoretz LLC

Legal Advisor

Advised onGildan Activewear, Inc. purchases V.I. Prewett & Son, Inc.

Investment Advisor

Advised onGildan Activewear, Inc. purchases GoldToeMoretz LLC

Legal Advisor

Advised onGildan Activewear, Inc. purchases Alstyle Apparel, Inc. from Ennis, Inc.

Associate

Advised onGildan Activewear, Inc. purchases American Apparel LLC /American Apparel Brand from American Apparel, Inc.

Associate

Advised onGildan Activewear, Inc. purchases Doris, Inc. /CA

Advisors & Consultants

Former Executive Vice President, Chief Financial & Administrative Officer at Gildan Activewear, Inc.

Legal Advisor

Partner at Sullivan & Cromwell LLP

Real Estate Agent

Executive Managing Director, Corporate Solutions at Colliers International

Clients

In 1969, the Detroit-based J.L. Hudson Company merged with the Dayton Corporation to form the Dayton-Hudson Corporation

Kohl's Corp. owns and operates family-oriented department stores. It offers apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows and house wares targeted to middle-income customers. Its stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences. The company was founded in 1962 and is headquartered in Menomonee Falls, WI.

Fanatics, Inc. retails sports apparel and merchandise. Its brands include Nike, Adidas, Under Armour, Fanatics, Starter, Kitbag, Majestic and Columbia. The company was founded by Alan S. Trager, Michael Rubin, and Mitchell Trager in 2002 and is headquartered in Jacksonville, FL.

Key Stats and Financials As of 2021
Market Capitalization
$6.11B
Total Enterprise Value
$6.15B
Earnings Per Share
$-1.2
EBITDAMargin
5.48%
Enterprise Value / Sales
2.95x
Enterprise Value EBITDAOperating
53.88x
TEVNet Income
-25.95x
Debt TEV
0.18x
Three Year Compounded Annual Growth Rate Of Revenue
-9.36%
Revenue
$2.09B
Total Equity
$1.56B
Total Debt
$1.08B
EBITDA
$114M
Net Profit
$-237M
Non-Profit Donations & Grants
Suppliers
Under Armour, Inc. Retail: Apparel & Footwear | Baltimore, MD

It started with a simple plan to make a superior T-shirt. A shirt that provided compression and wicked perspiration off your skin rather than absorb it. A shirt that worked with your body to regulate temperature and enhance performance. Founded in 1996 by former University of Maryland football player Kevin Plank, Under Armour is the originator of performance apparel - gear engineered to keep athletes cool, dry and light throughout the course of a game, practice or workout. The technology behind Under Armour's diverse product assortment for men, women and youth is complex, but the program for reaping the benefits is simple: wear HeatGear® when it's hot, ColdGear® when it's cold, and AllSeasonGear® between the extremes. Under Armour's mission is to make all athletes better through passion, design, and the relentless pursuit of innovation. Every Under Armour product is doing something for you; it's making you better

Amazon.com, Inc. IT Consulting & Services | Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

ASOS Plc Internet Software & Services | London, United Kingdom

ASOS Plc engages in in the operation of a multi-platform offering fashion products for 20-somethings. The firm offers clothes and other fashion items available in retail. It operates through the following geographical segments: United Kingdom, United States, and European Union. The company was founded by Nicholas Jon Robertson and Quentin John Griffiths on June 2, 2000 and is headquartered in London, the United Kingdom.

Competitors
Berkshire Hathaway, Inc. Other Insurance Services - Greenwich, Connecticut

Berkshire Hathaway, Inc. engages in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, and retailing services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segment involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Hanesbrands, Inc. Apparel & Footwear - Winston-salem, NC

Hanesbrands, Inc. is a consumer goods company, which engages in the design, manufacture, sourcing, and sale of everyday basic innerwear and activewear apparel in the Americas, Europe, Australia and Asia Pacific. It operates through the following three segments: Innerwear, Activewear, and International. The Innerwear segment includes core apparel products, such as men's underwear, women's panties, children's underwear, socks and intimate apparel, sold in the United States (US). The Activewear segment consists of activewear products, such as T-shirts, fleece, performance apparel, sport shirts and thermals, sold in the US. The International segment composes of innerwear, activewear, hosiery and home goods products, sold outside of the US. Its brands include Hanes, Champion, Bonds, Maidenform, DIM, Bali, Playtex, Bras N Things, Nur Die/Nur Der, Alternative, L'eggs, JMS/Just My Size, Lovable, Wonderbra, Berlei, and Gear for Sports. The company was founded by J. Wesley Hanes in 1901 and is headquartered in Winston-Salem, NC.

Delta Apparel, Inc. Apparel & Footwear - Greenville, SC

Delta Apparel, Inc. engages in the design, merchandise, and marketing of lifestyle branded active wear apparel and headwear. It operates through the segments Delta Group and Salt Life Group segments. The Delta Group segment comprises of the business units DTG2Go, Delta Activewear, and Soffe, which are primarily focused on core activewear styles. The Salt Life Group segment includes lifestyle brands focused on a range of apparel garments, headwear and related accessories to meet consumer preferences and fashion trends, and also salt life and coast business units. The company was founded in 1999 and is headquartered in Greenville, SC.

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