From sports fields to board rooms, Gildan Activewear (PPAI 250187, Platinum) brands have become staples in the apparel industry. Behind that success is the Montreal, Canada-based firm’s vertical model: from sourcing to shipping, every step of the manufacturing process is done by Gildan. In 2024, newly appointed CEO Vince Tyra says the company plans to continue its supply chain initiatives and maintain Gildan’s strong market position.

However, questions remain around the company’s path ahead. Since last year’s ousting of former CEO Glenn J. Chamandy, activist investor Browning West has voiced a number of concerns regarding Gildan’s operations and leadership, filing a lawsuit against the company in March. The Workers Rights Consortium also filed a suit against Gildan, alleging the supplier illegally withheld pay to workers in Central America. Amid the turmoil, Gildan is reportedly considering multiple acquisition offers.

In the 2024 PPAI 100, Gildan experienced a significant rise following clarification of its revenue reporting to PPAI. It previously ranked No. 38 in 2023 after being credited with only $250 million in revenue, an amount reported to the Association as part of its membership renewal.

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