MONTREAL: Gildan Activewear Inc’s former chief executive officer said he has a strategy to nearly double the clothing maker’s profits by 2028 if he returns to the job – and that investors will be better off with his plan than selling the company to the highest bidder.
Glenn Chamandy, who was fired in December after a bitter fight with board members over succession, said that under his leadership, the Canadian company would borrow more, accelerate stock buybacks and avoid large acquisitions.
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