On May 23, 2024, Browning West, LP successfully secured full control of Gildan Activewear Inc.'s Board of Directors following the resignation of the entire incumbent board and the termination of CEO Vince Tyra. Browning West, which owns approximately 5.7% of Gildan’s outstanding shares, advanced an eight-member slate, including reinstating Glenn Chamandy as CEO and appointing Michael Kneeland as Chair. This marked the first full reconstitution of Gildan’s board in over a decade, supported by all leading proxy advisory firms—ISS, Glass Lewis, and Egan Jones.

The leadership transition aimed to realign Gildan's strategic direction and enhance shareholder value, following shareholder discontent with the previous board’s decisions. The proxy contest reportedly cost Gildan tens of millions in shareholder capital.

Legal advisors for Browning West included Olshan Frome Wolosky LLP as U.S. legal counsel, Goodmans LLP as Canadian legal counsel, and IMK as Quebec legal counsel. Longacre Square Partners acted as strategic advisor, Pelican PR as public relations advisor, and Carson Proxy as proxy advisor.

Transaction value was not disclosed.