May 23, 2024

Browning West achieves landmark victory in Gildan Activewear proxy campaign

Goodmans LLP acted for Browning West, LP in the successful reconstitution of Gildan Activewear’s entire board, culminating in the reinstatement of CEO Glenn Chamandy.

This groundbreaking victory, recognized as the most successful proxy campaign in Canadian history, saw Browning West leading a decisive shareholder battle in response to Gildan’s announcement in late 2023 to replace its longstanding CEO.

Browning West is an investment firm and one of the largest shareholders of Gildan Activewear, a Canadian clothing company.

Goodmans LLP‘s Ontario disputes group handles a range of contentious matters that includes corporate, commercial and civil litigation, shareholder activism mandates, trust and estate administration disputes, securities litigation and class action defence. — The Legal 500 Canada
Goodmans LLP continues to be a leader in the corporate and M&A space, bringing strength to advising major multinational corporates and financial institutions involved in high-value, multi-jurisdictional M&A, reorganisations and corporate governance matters. — The Legal 500 Canada
The corporate and commercial team has impressive depth with experienced and highly skilled counsel at all relevant levels, from senior partner to junior associate. — Chambers Canada
...a particularly formidable track record in shareholder dispute and hostile take-over bid litigation. — Legal 500 Canada
Clients note, "They have a good team of very experienced lawyers who know the process, " adding, "They have a good bench strength." — Chambers Canada
Clients note, "The client service at Goodmans has always been excellent, and they are very deep from a corporate and financing perspective." — Chambers Global
Interviewees praise the firm's work on cross-border matters, saying: "The team's coordination is superb, its work ethic unparalleled and the service excellent." — Chambers Global
....punches above its weight for big-ticket M&A in Canada, recently advising on substantial transactions in mining, energy, technology and cannabis sectors. — Chambers Global

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Browning West achieves landmark victory in Gildan Activewear proxy campaign

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