Gildan Activewear Inc.

Case Overview

Between July 31, 2025 and June 15, 2026 inclusive, Gildan Activewear Inc. ("Gildan" or the "Company") and its officers (collectively, the "Defendants") published documents that contain misrepresentations and omit to disclose material facts relating to the Company’s financial health, including Gildan’s growth and the quality and source of its revenue.

The effect of Defendants’ misconduct was to artificially inflate the value of Gildan’s securities. As a result, members of the proposed class acquired Gildan’s securities at artificially inflated prices that did not reflect their true value.

When the entire truth emerged on June 16, 2026, the value of Gildan’s securities plummeted, resulting in a loss to the members of the proposed class.

The proposed class action seeks to obtain a judgment ordering the Defendants to pay damages to each member of the proposed class.

Members of the Proposed Class

You are a member of the proposed class if you purchased Gildan securities between July 31, 2025 and June 15, 2026 and held all or some of those securities on June 16, 2026.

Case Status

On July 6, 2026, an Application for Authorization to Institute a Class Action and for Authorization to Bring an Action for Damages under article 225.4 of the Securities Act, CQLR c V-1.1 was filed before the Superior Court of Québec.  

The class action is currently at the authorization stage.

Proceedings and Judgments

• • Application for Authorization to Institute a Class Action and for Authorization to Bring an Action for Damages under article 225.4 of the Securities Act (in French only).