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Gildan’s Entire Board Resigns, Handing Victory to Activist Browning West

The company, one of the world’s largest makers of affordable T-shirts and owner of the American Apparel brand, has spent months embroiled in a toxic feud over its direction and who should be in charge.
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American Apparel owner Gildan Activewear Inc. is embroiled in a bitter dispute with investment firm Browning West LP. (Reuters )

Gildan Activewear Inc.’s entire board of directors and chief executive officer Vince Tyra quit, conceding defeat after a bruising five-month battle with an activist shareholder over the future of the Canadian clothing maker.

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