Browning

Turtle Creek Asset Management Responds to Gildan Board’s Governance Charade

Retrieved on: 
Tuesday, April 23, 2024
Language, Browning, LLP, TSX, Collection, Proxy, History, GIL, Face, Bloomberg, Name, Annual general meeting, Chair, Security (finance)

TORONTO, April 23, 2024 (GLOBE NEWSWIRE) -- Turtle Creek Asset Management Inc. (“Turtle Creek”), a Canadian independent investment management firm with a 25-year history and a decade-long shareholder of Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”), today responded to the latest governance charade by the board of directors (the “Board”) of Gildan and released the following statement:

Key Points: 
  • The statement by the incumbent Board that it decided that “near-term board refreshment was in the best interests of Gildan” is ludicrous.
  • Each of these actions has imposed costs on Gildan’s shareholders, distracted the Company’s management team, and impaired shareholder value.
  • The Board cloaked their selection of hand-picked nominees in the language of “governance” and attacked the major shareholders of Gildan who opposed their actions.
  • Let’s turn the page on this surreal chapter in Canadian governance history and get on with the business of growing Gildan’s shareholder value.

Browning West Files Proxy Circular and Sends Letter to Gildan Activewear Shareholders Regarding the Opportunity to Upgrade Leadership and Supercharge Returns

Retrieved on: 
Wednesday, May 1, 2024
Professional Services, Finance, Pillar, Browning, LLP, News, Risk, IMK, TSX, Legislation, Special, GOLD, Annual general meeting, Goodmans

In addition, Browning West sent a letter to its fellow shareholders regarding the opportunity to elect superior leaders and supercharge returns, which is available for download here .

Key Points: 
  • In addition, Browning West sent a letter to its fellow shareholders regarding the opportunity to elect superior leaders and supercharge returns, which is available for download here .
  • At this year’s Annual Meeting, shareholders are faced with a clear leadership choice: risk a share price collapse with repeated value destroyer Vince Tyra, or supercharge shareholder returns with legendary value creator Glenn Chamandy.
  • Visit SEDAR+ ( www.sedarplus.ca ) to review a copy of Browning West’s Circular and related proxy materials, including a GOLD Proxy Card or voting instruction form.
  • Except as required by law, Browning West does not intend to update these forward-looking statements.

Browning West and Glenn Chamandy Comment on Gildan Activewear’s Defensive and Reactionary Board Refreshment

Retrieved on: 
Monday, April 22, 2024
Professional Services, Finance, Sale, Browning, LLP, Failure, News, IMK, TSX, History, Legislation, ESG, Annual general meeting, Goodmans, Chair, Management

The reinstatement of Glenn has been a central and consistent demand from an unprecedented mass of shareholders, which the Board refuses to acknowledge in favor of its own interests.

Key Points: 
  • The reinstatement of Glenn has been a central and consistent demand from an unprecedented mass of shareholders, which the Board refuses to acknowledge in favor of its own interests.
  • Contrary to the Board’s false and misleading statements, support for Glenn and our full slate is growing and stronger than ever.
  • The Browning West slate represents the best Board for all Gildan stakeholders.”
    As a reminder, Browning West is seeking to elect eight highly qualified and independent director candidates to Gildan’s Board at the Annual Meeting of Shareholders on May 28, 2024.
  • Except as required by law, Browning West does not intend to update these forward-looking statements.

Browning West Cautions Shareholders Regarding Gildan Activewear’s Risky Path Forward Under CEO Vince Tyra

Retrieved on: 
Tuesday, April 16, 2024
Retail, Professional Services, Fashion, Finance, Spend, Browning, LLP, Outline, Risk, News, Policy, IMK, TSX, Broder, Success, GSG, Legislation, Acquisition, EPS, Loom, Fruit of the Loom, Branding, Annual general meeting, Goodmans, Growth

Mr. Tyra’s ‘plan’ is clearly nothing more than a continuation of the Gildan Sustainable Growth (“GSG”) strategy, which Mr. Chamandy launched in 2022.

Key Points: 
  • Mr. Tyra’s ‘plan’ is clearly nothing more than a continuation of the Gildan Sustainable Growth (“GSG”) strategy, which Mr. Chamandy launched in 2022.
  • Why is Mr. Tyra Giving Himself Room to Reduce Margins When the Company Has Margin Tailwinds?
  • Sadly, Mr. Tyra appears to be introducing to Gildan the same failed branding strategies that doomed his prior employer, Fruit of the Loom.
  • In contrast, the Browning West slate’s plan calls for a disciplined focus on the few key initiatives that will deliver outsized returns for shareholders with minimal risk.

Taste Europe | Transform Cooking with One Secret Ingredient

Retrieved on: 
Wednesday, April 10, 2024
Online, Pain, Croissant, Cheese, Butter, Butterfat, Vegetable, French butter, Bakery, Browning, Taste, Water, Cooking, Rest, Cookbook, Meat, Fruit, Bread, Baking

She adds, "Another thing using browned butter does is to add something that is almost 100% fat rather than whole butter, which can contain up to 20% water. This means you will have less gluten development--almost no gluten development if the browned butter is the only liquid in the recipe--so you will end up with a cookie that is "shorter," or more sandy/crumbly, and a bit more fragile."

Key Points: 
  • But if home cooks wants to take their cooking to the next level, high-quality European butter from France is the ingredient that the best chefs use to make everything taste better.
  • Simply spread on bread and one can immediately ascertain the distinctive taste and irresistible tang that is unique to French butter.
  • Just as cooking sandwiches in butter adds flavor, so too does cooking and basting the burgers or sliders in clarified butter.
  • More information about Taste Europe | Butter of France:
    In France, butter is a key ingredient in many dishes as well as a staple in every kitchen.

POM Wonderful Adds Pomegranate Fiber to its Specialty Ingredients Lineup

Retrieved on: 
Wednesday, March 13, 2024
Electricity, Climate change, POM Wonderful, Innovation, Polyphenol, Pressure, POM, Pomegranate juice, Pomegranate, Browning, The Wonderful Company, Research, Food, RPET, Certification, GRAS, Renewable energy

1 pomegranate juice in North America, announced the addition of Pomegranate Fiber to its growing specialty ingredients lineup.

Key Points: 
  • 1 pomegranate juice in North America, announced the addition of Pomegranate Fiber to its growing specialty ingredients lineup.
  • The Pomegranate Fiber, which is upcycled from POM Wonderful pomegranate husks after juicing, is a GRAS , fiber-dense powder that can be used in a variety of food applications, including crackers, sauces, dressings, baked goods and plant-based food.
  • Pomegranate Fiber is made under POM Wonderful’s growing Specialty Ingredients division , which provides raw ingredients to suppliers across the food and beverage industry.
  • “We are thrilled to add another specialty ingredient to our line-up that is versatile and upholds our commitment to nourishing naturally,” said Jason Horvath, sales manager for POM Wonderful Specialty Ingredients.

Browning West’s Slate of Highly Qualified Director Candidates Releases Five-Pillar Plan to Enhance Shareholder Value at Gildan Activewear

Retrieved on: 
Monday, April 1, 2024
Retail, Professional Services, Fashion, Finance, Sale, News, LLP, Browning, TSX, Goodmans, IMK, Legislation, Annual general meeting

As a reminder, Browning West is seeking to elect eight highly qualified and independent director candidates to Gildan’s Board of Directors at the Annual Meeting of Shareholders on May 28, 2024.

Key Points: 
  • As a reminder, Browning West is seeking to elect eight highly qualified and independent director candidates to Gildan’s Board of Directors at the Annual Meeting of Shareholders on May 28, 2024.
  • Visit SEDAR+ ( www.sedarplus.ca ) to review a copy of Browning West’s information circular and other relevant materials.
  • Certain information in this news release may constitute “forward-looking information” within the meaning of applicable securities legislation.
  • Except as required by law, Browning West does not intend to update these forward-looking statements.

Browning West Contends That Gildan Activewear’s Reactionary Sale Process Underscores Why Immediate Board Reconstitution is Required

Retrieved on: 
Wednesday, March 20, 2024
Retail, Professional Services, Fashion, Finance, Sale, News, LLP, Browning, TSX, Goodmans, IMK, Index, Legislation, Annual general meeting

“Since the onset of our campaign, we have maintained that Gildan is a high-quality business with significant latent earnings power and strong value creation potential under the right Board and management.

Key Points: 
  • “Since the onset of our campaign, we have maintained that Gildan is a high-quality business with significant latent earnings power and strong value creation potential under the right Board and management.
  • We are naturally concerned that the Board has initiated a sale process in order to avoid accountability following continuous and growing support for Browning West’s calls for significant Board reconstitution.
  • The Board’s reactionary sale process underscores our message to shareholders last week that a meaningful reconstitution of the Board is immediately required, even before the Annual Meeting in May.
  • Except as required by law, Browning West does not intend to update these forward-looking statements.

US monetary policy is more powerful in low economic growth regimes

Retrieved on: 
Tuesday, April 2, 2024
Tao, Research Papers in Economics, Excess, American Economic Journal, Doan, Policy, RT, Interpolation, Economic growth, Absorption, Business, E32, Low, Browning, European Economic Review, UST, NBER, Forecasting, Macroeconomics, European Economic Association, Journal of Monetary Economics, Journal of Applied Econometrics, TVAR, Oxford University Press, Time series, Economic Inquiry, Paper, Linearity, Joshua Angrist, Nobuhiro, Environment, Political economy, Journal of Financial Economics, Rated R, R2, Website, Emi, Energy economics, Probability, Medical classification, Eurozone, Sigismund, Quarterly Journal of Economics, Zero lower bound, History, Nature, Chapter, ZT, Journal of Political Economy, Bocconi University, OLS, Statistics, University of California, Irvine, PDF, Classification, ECB, XS, ITP, Impact, Estimation, DGP, Mark Thoma, Social science, Elsevier, JEL, Cambridge University Press, Real, M1, Research, Textbook, Private sector, FED, Credit, UTT, Literature, Federal Reserve, Knotek, Evelyn Regner, Table, European Central Bank, Chow, FRED, Monetary economics, Wald, Ben Bernanke, Premium, P500, BIS, EWMA, International Economic Review, Federal funds rate, Money, Treasury, C32, The Economic Journal, Federal Reserve Economic Data, Employment, Risk, FFR, Suggestion, FOMC, Monte Carlo method, Sigmoid, VAR, Database, Projection, Ascari, The Journal of Finance, Yield curve, United States Treasury security, Economy, Fed, Figure, NFCI, Financial economics, EXP, Freedom, Central bank, PCE, Monetary policy, American Economic Review, Exercise, Interest, Samuel, URR, Rigidity, Business cycle, XT, Landing slot, Chap, Daron Acemoglu, Markov, Blue chip, Kuttner, Response, Quarterly Journal, YT, Channel, GDP, Standard, Effect, Federal, Cost, Christian Social Union (UK), Journal of Econometrics, Comm, Mark Gertler, Use, Economic statistics, IW, Bank for International Settlements, Finance Secretary (India), UC, Bank, Reproduction, Section, News, Housing, Data, Food industry
Key Points: 

    Gildan Sets Meeting Date and Provides Regulatory Update

    Retrieved on: 
    Monday, January 29, 2024
    Proxy, Meeting, Legislation, LP, Requisition, Committee, GIL, Analysis, Browning, Court, TSX, Acquisition, Hart–Scott–Rodino Antitrust Improvements Act, Confusion, HSR, Projection, Exercise, Justice, Justice minister, Management

    Shareholders will receive details about the matters to be presented at the Meeting and about how to vote in a management information circular to be delivered to them in advance of the Meeting.

    Key Points: 
    • Shareholders will receive details about the matters to be presented at the Meeting and about how to vote in a management information circular to be delivered to them in advance of the Meeting.
    • The Company also agrees with shareholders who hold the view that a meeting is not required to resolve this matter.
    • But for the violation of the HSR Act, Browning West would not have held sufficient shares to exercise the right to requisition a meeting under Canadian corporate law.
    • The forward-looking statements contained in this press release are expressly qualified by this cautionary statement.