July 24, 2024
Counselor Top 40 Suppliers 2024: No. 4 Gildan
Counselor’s exclusive ranking of the suppliers with the most revenue in the promotional products industry.
Gildan
(asi/56842)
Company Snapshot
Revenue figures are in $millions
Previous Rank: 5
2023 Revenue: $739.3 (Estimate)
2022 Revenue: $762.2
Year-Over-Year Difference: -3.0%
2021 Revenue: $652.5
Top Company Officer: Glenn Chamandy, CEO
Year Founded: 1984
Headquarters: Montreal, QC
Gildan’s sales across all its business channels declined in 2023 and Counselor estimates that the Montreal-based firm’s promo-specific business was down 3%. Still, the big news was the publicly traded company’s epic corporate battle. After a previous board fired co-founder/CEO Glenn Chamandy in December, activist investors waged a half-year-long proxy fight to overhaul the board and reinstate him. They won: Chamandy returned as Gildan CEO/president in late May, backed by a new board loyal to him.