The short-seller report directly challenges a three-year narrative of stability maintained by Gildan leadership. During consecutive earnings calls throughout 2025, CEO Glenn Chamandy consistently described the company's distributor channel as healthy and well-balanced. As recently as April 30, 2026, Chamandy and CFO Luca Barile signed 6-K filings affirming that the company’s financial statements contained no material misrepresentations.
In section Releases
Gildan Activewear Faces Shareholder Probe After Inventory Allegations
Gildan Activewear shares plummeted 18.77% on Tuesday following a report by Jehoshaphat Research alleging the company masked $510 million in excess distributor inventory. The sharp market reaction arrived just weeks after executives formally certified the company's financial filings as accurate, triggering an immediate investigation by law firm Levi & Korsinsky.
Investors who purchased shares during this period and suffered financial losses are now under review by Levi & Korsinsky, a firm specializing in securities class action litigation. The investigation focuses on whether the company’s public assurances regarding inventory levels constituted misleading statements under securities law. Legal representatives are currently collecting brokerage records to determine the scope of potential claims, noting that eligibility for participation extends to investors regardless of whether they currently hold the stock or have already sold at a loss.
Comments (0)
No comments yet. Be the first!