Gildan Activewear Inc

Noticias y eventos de Gildan Activewear Inc (GIL)

$40.940

-1.023 (-2.50%)Al cierre

Noticias de GIL

Eventos de GIL

10/8 10:00

FTC Secures Changes to Gildan Agreement to Protect Small Businesses

The Federal Trade Commission announced that it has secured changes to a partnership agreement between T-shirt manufacturer Gildan Activewear SRL and major wholesale T-shirt distributor S&S Holdings LLC that will protect small businesses and consumers from unfair and discriminatory pricing practices. This resolution also furthers the FTC's efforts to enforce the Robinson-Patman Act in cases where price discrimination harms consumers. The FTC opened an investigation into Gildan and S&S after becoming aware that S&S's contract with Gildan prohibited Gildan from offering certain pricing and discounts given to S&S to S&S's competitors. The FTC investigated Gildan for potential violations of Section 2(a) of the RPA, which prohibits sellers from engaging in certain price discrimination. The FTC also investigated whether S&S violated Section 2(f) of the RPA, which prohibits knowingly inducing or receiving prohibited price discrimination. In response to the FTC's investigation, Gildan and S&S modified their agreement, which now provides: "Nothing in this Agreement restricts or restrains Gildan's discretion to set prices or offer partnership support to any other North American wholesale distributor." Given the changes Gildan and S&S have implemented, the FTC has now closed its investigation.

9/24 12:30

Gildan Activewear Shares Down 12.8%

Gildan Activewear is down -12.8%, or -$5.92 to $40.27.

7/30 06:30

HanesBrands Q2 Revenue at $1.58B, Below Consensus

Reports Q2 revenue $1.58B, consensus $1.61B. "We delivered strong results this quarter as our teams continued to execute with discipline against our strategic priorities. We continue to make excellent progress integrating HanesBrands and capturing synergies, while leveraging the combined strength of our brands, manufacturing network, and commercial capabilities, and investing strategically in innovation. While we remain mindful of the external environment and given the strength of our business fundamentals and the momentum we are building, our focus could not be clearer: control what we can control, execute our strategy, capture the significant opportunities ahead and drive profitable growth and long-term shareholder value," said Glenn Chamandy, CEO.

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