Fruit of the Loom

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.

Holley Names Philip Dobbs Senior Vice President of Customer Experience Marketing

Retrieved on: 
Thursday, January 18, 2024
Aftermarket, Automotive, Public Relations, Investor Relations, Marketing, Automotive Manufacturing, Advertising, Communications, Manufacturing, Performance & Special Interest, Senior, Heinz, Loom, Multimedia, Customer experience, B2C, Sport, Firestone, Fruit of the Loom, Cadbury, Kraft Foods, News, Fruit, Inc., Sales

Holley Inc. (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced Philip Dobbs has joined the organization as Senior Vice President of Customer Experience Marketing.

Key Points: 
  • Holley Inc. (NYSE: HLLY), a leader in automotive aftermarket performance solutions, today announced Philip Dobbs has joined the organization as Senior Vice President of Customer Experience Marketing.
  • View the full release here: https://www.businesswire.com/news/home/20240118076151/en/
    “Philip is a dynamic marketing leader with three decades of experience stewarding and shaping various iconic consumer brands,” said Matthew Stevenson, President and Chief Executive Officer, Holley.
  • He will also be responsible for management of the Holley customer engagement center, third-party marketplaces, and the company’s direct-to-consumer business.
  • Previously, Dobbs was Chief Marketing Officer at Bridgestone Americas where he led the company’s integrated marketing efforts for more than 11 years.

Vince Tyra To Assume Role of President and CEO of Gildan Activewear on January 15, 2024

Retrieved on: 
Friday, January 12, 2024
Legislation, Bain Capital, Berkshire Hathaway, Loom, Culture, GIL, Athletics, Houchens Industries, Analysis, University, NCAA, Trustee, Broder, Sale, PNC Financial Services, Environment, TSX, Acquisition, Fruit of the Loom, Business school, Organization, Marketing, Projection, College, Fruit, Management

MONTREAL, Jan. 12, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) is pleased to announce that Vince Tyra will assume the role of President and Chief Executive Officer on Monday, January 15, 2024.

Key Points: 
  • MONTREAL, Jan. 12, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) is pleased to announce that Vince Tyra will assume the role of President and Chief Executive Officer on Monday, January 15, 2024.
  • He invested in and grew his own activewear business in his twenties utilizing Gildan as a key supplier.
  • In his six years as CEO of Broder, Vince tripled revenue and made it an industry leader.
  • Bain Capital later introduced Vince to Southfield Capital, where he went on to a successful career in private equity.

Gildan Activewear Board of Directors Issues Open Letter to Shareholders and Sets Record Straight on Browning West’s Misguided Campaign to Reinstall Former Gildan CEO

Retrieved on: 
Monday, January 8, 2024
Narrative, Fruit of the Loom, Browning, Berkshire Hathaway, Sale, LRP, Houchens Industries, Sportswear, Acquisition, NCAA, Analysis, Legislation, Projection, GIL, Letter, Investment, Loom, TSX, Organization, Exercise, Management

MONTREAL, Jan. 08, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) today issued an open letter to shareholders.

Key Points: 
  • MONTREAL, Jan. 08, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) today issued an open letter to shareholders.
  • In response to Browning West’s December 29, 2023 letter articulating its misguided campaign to reinstall Glenn Chamandy as CEO of Gildan Activewear, the Board of Directors is sharing further information on recent events.
  • The Board is unanimous in its conviction that retaining Mr. Chamandy as CEO would have jeopardized the future of Gildan and destroyed shareholder value.
  • The Board was left with no other choice but to remove him as CEO.

Gildan Activewear Announces Leadership Changes - Vince Tyra Appointed as President and CEO; Glenn Chamandy Leaving

Retrieved on: 
Monday, December 11, 2023
Fruit of the Loom, Culture, Berkshire Hathaway, College, Sale, Houchens Industries, ESG, NCAA, Strategic management, Analysis, Legislation, Projection, GIL, University, Knowledge, Interim, Growth, Loom, Investment, TSX, Mergers and acquisitions, Senior, Management

Vince Tyra has been appointed President and CEO effective February 12, 2024.

Key Points: 
  • Vince Tyra has been appointed President and CEO effective February 12, 2024.
  • Craig A. Leavitt, a director of the Company since 2018, will serve as Interim President and Chief Executive Officer until Mr. Tyra assumes his new position.
  • Vince’s diverse professional background will provide the necessary leadership skills to propel Gildan to even greater success,” said Donald C. Berg, Chairman of the Board.
  • Vince brings to Gildan a deep understanding of the apparel industry from manufacturing processes to distribution and brand building.

Fruit of the Loom, Inc. Donates 154,000 Apparel Items to Support Good360’s Humanitarian Efforts Domestically and Abroad

Retrieved on: 
Wednesday, November 15, 2023
Loom, Woman, Fruit of the Loom, UNHCR, Refugee, Partnership, Fruit, Good360

The donation is comprised of a variety of Fruit of the Loom, Inc. apparel items, including fleece outerwear, underwear, and athletic wear for men, women, and children.

Key Points: 
  • The donation is comprised of a variety of Fruit of the Loom, Inc. apparel items, including fleece outerwear, underwear, and athletic wear for men, women, and children.
  • In the last 16 months, the collaboration between Good360 and Fruit of the Loom, Inc. has supported disaster and humanitarian relief efforts around the globe, including in Ukraine, Niger, and South Sudan.
  • Stateside, Fruit of the Loom, Inc. product was distributed in the Midwest in response to tornado activity.
  • Since the partnership began, Fruit of the Loom, Inc. and Good360 have impacted more than 50,000 lives.

Browning West Issues Letter to Gildan Activewear’s Board of Directors Outlining Steps to Restore Stakeholder Confidence

Retrieved on: 
Thursday, December 14, 2023
Fashion, Other Retail, Retail, Professional Services, Asset Management, Sale, EBITDA, Loom, Record, Research, NYSE, Fruit of the Loom, Entrepreneurship, Chair, Risk, Chairperson, Culture, Permanent Damage, USD, Partner, Berkshire Hathaway, Public Interest Declassification Board, IPO, Growth, TSX, Letter, Bankruptcy, Security (finance), Management, Pharmaceutical industry, Property management, Fruit, Broder, Sportswear, Gildan

Browning West, LP ("Browning West" or “we”), which beneficially owns approximately 3.9% of the outstanding shares of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL), today issued the following letter to the Company’s Board of Directors.

Key Points: 
  • Browning West, LP ("Browning West" or “we”), which beneficially owns approximately 3.9% of the outstanding shares of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL), today issued the following letter to the Company’s Board of Directors.
  • Browning West, LP (together with its affiliates, “Browning West” or “we”) owns approximately 3.9% of Gildan Activewear Inc.’s (“Gildan” or the “Company”) outstanding common shares, making us one of the Company’s largest shareholders.
  • The purpose of this letter is to detail our strong objection to the Board’s recent decisions and to propose tangible actions to restore stakeholder confidence and put Gildan on stronger footing.
  • However, we believe the Board must act urgently to correct its substantial missteps and restore stability to the Company.

FRUIT OF THE LOOM REINTRODUCES THE "FRUIT PEOPLE," ICONIC CHARACTERS FORMERLY KNOWN AS THE "FRUIT GUYS," TO SOCIAL MEDIA

Retrieved on: 
Tuesday, September 26, 2023
Fruit of the Loom, The, Marketing, GSD, Fruit, History, The FruitGuys, Brand community, Love, Loom, Apple, Memory, Social media, Mitoy Yonting, Video game, Weaving

BOWLING GREEN, Ky., Sept. 26, 2023 /PRNewswire/ -- An Apple, Leaf, Green Grape, and Purple Grape walk into a TikTok video…no, that's not the start of a punchline, but the theme of iconic apparel brand Fruit of the Loom's new social media content launching today. The "Fruit People" will star alongside Fruit of the Loom's chief TikToker in humorous and witty videos that play off social media trends and daily life scenarios. The content will begin rolling out on Fruit of the Loom's TikTok page, @fruitoftheloom, and eventually appear on its Instagram as Reels.

Key Points: 
  • The "Fruit People" will star alongside Fruit of the Loom's chief TikToker in humorous and witty videos that play off social media trends and daily life scenarios.
  • The content will begin rolling out on Fruit of the Loom's TikTok page, @ fruitoftheloom , and eventually appear on its Instagram as Reels.
  • The brand was inspired to revive the "Fruit People" as it looks to continue meaningful relationships with customers and fans.
  • Since then, generations still recall seeing the "Fruit Guys" and they have taken on a life of their own in Halloween costumes and social media.

Fruit of the Loom Announces Launch of Fruitful Threads Men's Underwear Collection Using LENZING™ ECOVERO™ Fibers

Retrieved on: 
Friday, April 7, 2023
Business development, Partnership, Fruit of the Loom, Lenzing, EU Ecolabel, Forest, Frank Wo/Men Collective, Wood, Motion, Walmart, Soil, Collection, Water, Loom, CO2, Lenzing AG, Bottled water, Fruit, Amazon

NEW YORK, April 7, 2023 /PRNewswire-PRWeb/ -- Fruit of the Loom continues its ongoing commitment to its global sustainability plan, Fruitful Futures™, by partnering with sustainable global fiber producer, Lenzing Group, for the launch of their Fruitful Threads™ Men's Underwear Collection.

Key Points: 
  • Fruit Of The Loom's Fruitful Threads collection is designed with comfort and sustainability in mind.
  • NEW YORK, April 7, 2023 /PRNewswire-PRWeb/ -- Fruit of the Loom continues its ongoing commitment to its global sustainability plan, Fruitful Futures™, by partnering with sustainable global fiber producer, Lenzing Group , for the launch of their Fruitful Threads™ Men's Underwear Collection.
  • This innovative collection combines 96% LENZING™ ECOVERO™ Viscose fibers with Fruit of the Loom's clothing expertise to create stylish and responsibly made underwear.
  • Tailored to support a sustainable lifestyle, LENZING™ ECOVERO™ fibers are made from certified renewable wood resources and produced through a sustainable process.

Fruit of the Loom Kicks Off Partnership with National Nonprofit Undies for Everyone Donating Over 810,000 Pairs of New Underwear to Children in Crisis

Retrieved on: 
Tuesday, March 7, 2023
Other Retail, Family, Philanthropy, Consumer, Fashion, Teens, Fund Raising, Parenting, Retail, Foundation, Children, Other Philanthropy, City, UFE, Poverty, Child protective services, Student, Partnership, Fruit, QR, Fruit of the Loom, Volunteering, Printing, Loom, Roll, Dyeing, Nursing

National nonprofit Undies for Everyone (UFE)® today announced an ongoing partnership with Fruit of the Loom – kicking off the partnership with a donation of 810,019 pairs of underwear to children in crisis.

Key Points: 
  • National nonprofit Undies for Everyone (UFE)® today announced an ongoing partnership with Fruit of the Loom – kicking off the partnership with a donation of 810,019 pairs of underwear to children in crisis.
  • Fruit of the Loom’s initial donation will give a week’s supply of undies to 115,000 children across the U.S. who lack access to underwear.
  • Through their generous donation, Fruit of the Loom will impact the lives of 115,000 students facing underwear insecurity,” said Rabbi Amy Weiss, UFE’s founder and executive director.
  • UFE is distributing over 1.5 million pairs of undies in 2023 – impacting more than 214,000 children.