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T-Shirt Maker H. Greg Chamandy He Downsized A Family Business To Make It A Giant.(A)
Byline: Marilyn Much
H. Greg Chamandy knew there were big bucks to be made inT-shirts.
He and his brother Glenn started selling knit fabrics to Canadian T-shirt and sweatshirt makers in 1984. But they had to figure out how to tap into the market's full potential.
The Montreal-based brothers might not have found the answer if they hadn't been forced to.
Their Textiles Gildan Inc. knitting shop had branched out quickly. In 1989, they bought a dyeing and finishing plant. Soon after, they added cutting and sewing facilities.
But industry dynamics changed in the early 1990s. Canadian retailing began to consolidate and the North American Free Trade Agreement was looming. It would only be a matter of time before Canadian apparel makers would be extinct -- unless they made some big changes, the duo believed.
So they set out to transform their product into something that could be easily exported to the U.S. They studied their business to see how to leverage and maximize their assets.
- GILDAN NET RISES 20.1 PERCENT, H. GREG CHAMANDY EXITS FIRM.
- Magazine article from: WWD Tucker, Ross August 6, 2004 700+ words
...Wednesday, announcing record third-quarter earnings as well as the departure of its top executive, H. Greg Chamandy. The Montreal-based T-shirt and knitwear manufacturer said Chamandy, the co-founder, co-chief executive officer and board...
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- Press release article from: PR Newswire March 1, 2004 700+ words
H. Greg Chamandy, Glenn J. Chamandy and Edwin B...a result of the conversion, H. Greg Chamandy, Glenn J. Chamandy and Edwin B...above-mentioned conversion, H. Greg Chamandy, Glenn J. Chamandy and Edwin B...
- GILDAN'S 2ND-QUARTER PROFITS SOAR 33.7% HOWEVER, CANADIAN T-SHIRT, SWEATSHIRT...
- Magazine article from: Daily News Record Lipke, David DUNN, Contributions from BRIAN May 7, 2001 700+ words
...healthy demand for its T-shirts increased net income...Montreal-based T-shirt and sweatshirt maker...and chief executive H. Greg Chamandy said sales would have...100 percent cotton T-shirts through the U.S. wholesale...was in all-cotton T-shirts, making Gildan the top...
- Gildan Activewear Announces Launch of 50/50 Product Line - Program Broadens...
- Press release article from: PR Newswire April 7, 1999 700+ words
...percent polyester T-shirt program designed to...Blend(TM). H. Greg Chamandy, Chairman and Chief...the 100% cotton T-shirt category, to enable...cotton and 50/50 T-shirts and placket collar golf shirts, as well as premium...
- Gildan Activewear Reports Record Second Quarter Sales - Gildan Becomes the...
- Press release article from: PR Newswire May 4, 1999 700+ words
...and earnings growth, " commented H. Greg Chamandy, Chairman and Chief Executive Officer...largest supplier of 100% cotton T-shirts, capturing 23% of total U.S. industry...new 50% cotton/50% polyester T-shirt product line, which we expect to roll...
- Gildan Activewear Announces Succession Plan; - Founders Propose to Convert...
- Press release article from: PR Newswire February 3, 2004 700+ words
...Officer. Previously, H. Greg Chamandy was Chairman of the...of distribution. H. Greg Chamandy commented: "I am extremely...also announced that H. Greg Chamandy and Glenn J. Chamandy...50% polyester T-shirts, placket collar sport...
- Gildan Activewear Announces that Glenn J. Chamandy assumes Sole Responsibility...
- Press release article from: PR Newswire August 4, 2004 700+ words
...director, will replace H. Greg Chamandy as Chairman of the Board...financial obligations to H. Greg Chamandy over the remaining life...appreciation to H. Greg Chamandy, who was co-founder...50% polyester T-shirts, sport shirts and sweatshirts...
- Gildan Activewear Announces Fourth Quarter and Full Year Earnings Significantly...
- Press release article from: PR Newswire December 2, 2004 700+ words
...contractual commitments to H. Greg Chamandy, who resigned in August...2003 29.6% 30.1% T-shirts 17.8% 1.6% 20.7% 23.3% Sport shirts 19.9% 2.3% 16.9...contractual obligations to H. Greg Chamandy resulted in a recovery...