Gildan Activewear Under Investigation, Stock Plummets 18%

Gildan Activewear Inc. is a manufacturer of everyday basic apparel. Its product offering includes activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters, or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms and to global lifestyle brand companies. The Company markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan, Hanes, Comfort Colors, American Apparel, ALLPRO, GOLDTOE, Peds, Bali, Playtex, Maidenform, Bonds, as well as Champion which is under an exclusive licensing agreement for the printwear channel in the United States and Canada. It owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Bangladesh.