Gildan's Fight With Activist Nets Bankers and Lawyers Millions.

Gildan Activewear Inc. has spent $15.4 million on advisory, legal, and other expenses related to a shareholder vote against activist investor Browning West LP. The company also incurred $2.5 million in costs associated with a potential sale process. These expenses have impacted Gildan's earnings, which were down 18% from the previous year. Browning West criticized Gildan for its high level of spending, accusing the company of hiring multiple law firms, investment banks, and other professionals. Gildan has not responded to these allegations. [Extracted from the article]