Industry News
Gildan founder returns as CEO O
n Thursday, May 23 it was announced that Vince Tyra, president and CEO of Gildan had stepped down, with founder and former president and CEO Glenn J Chamandy reappointed to the role.
At the same time as Mr Tyra stepping down, the entire board of directors also resigned, which ceased discussions regarding the previously announced sale process.
The outgoing directors believe that it was in the best interests of all Gildan stakeholders for them to resign and not stand for election at the upcoming Annual Meeting, allowing the new board to be seated so that it can oversee the company in the most orderly and efficient manner.
Mr Chamandy, Gildan’s co-founder and president and CEO, said: “I’m extremely excited to return as Gildan’s CEO and am
gratified for the incredible support I have received from both shareholders and employees over the past six months. I’m proud of our dedicated employees for their hard work and focus through a tumultuous period. The resilience of the team and the high quality of our newly seated board give me great confidence that Gildan’s best days are yet to come.” Mr Chamandy left his role as president and CEO in December.
Michael Kneeland, who was appointed as chair of the board with immediate effect, added: “Gildan has an impressive 40-year history anchored by strong long-term operating results, an outstanding employee base, and a founder who has demonstrated a clear ability to oversee an increasingly global business and has an unrivalled track record of value creation. It is an honour to be joining Gildan as chair alongside Glenn and the entire slate of directors.
Kingly nominated for Socially Responsible Strategic Management award 2023
K
ingly has been nominated as one of the top three companies in the Environment category for the Socially Responsible Strategic Management 2023 awards, as announced by the Ministry of Labour and Social Policy in Bulgaria. The company’s entry was focused on presenting its Denim Upcycling Project, combining creativity with eco-consciousness.
In late October 2023, Kingly launched a collection of upcycled denim products – aprons, bags, hats, earrings, tablecloths and many more. Each piece transforms discarded denim into functionable brandable items. Kingly’s upcycled denim products can be branded by using embroidery and DTG printing with GOTS certified sustainable inks. Embroidery can be used to add client logos and brand names using treads accredited to the Global Recycled Standard. Kingly’s dedication to sustainability was also previously recognised when it received the Socially Responsible Strategic Management Award 2022. The company was awarded 1st
www.printwearandpromotion.co.uk
Glenn J Chamandy returns to his role as president and CEO of Gildan
We look forward to putting this contest behind us so that we can focus our energy on implementing our operating plan and positioning Gildan for long-term success. As independent directors, we will help usher in accountability and alignment at Gildan. The interests of the company and its stakeholders will remain relentlessly in focus under the new board.”
Brand Licensing Europe 2024 ramps up celebrations for show’s 25th anniversary
B
Kingly’s CEO Rob Armour holding the company’s Socially Responsible Strategic Management Award 2022
prize in the Ecology category for its continuous efforts in implementing sustainable projects within the merchandise manufacturing industry.
rand Licensing Europe, BLE, is Europe’s leading event for licensing, brand extension and collaborations, and is set to take place this year from September 24 to 26 at ExCeL London. European brand licensing professionals including retailers, manufacturers, brand owners, agents, service providers, marketers and designers are invited to secure their free pass to the three-day event now.
BLE event director Ella Haynes said: “It’s been an amazing journey, and we feel honoured to have spent 25 years as the biggest meeting date in the European brand licensing calendar.” Attendees can expect to see 176 confirmed exhibitors, with 14 of those being first timers.
Returning exhibitors include the likes of Paramount, Pokémon, Tour de France, UEFA Club Competitions, Penguin Random House, Real Madrid CF, and more. Visitors can register for a free ticket now.
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