Coliseum Capital lowered its stake in apparel maker Gildan Activewear. Mill Road Capital III increased its holdings in specialty-equipment dealer Alta.
In a letter to shareholders, chair Donald Berg and three other directors said former CEO Glenn Chamandy struggled to find additional avenues of long-term growth over the last four years
Montreal investment firm Jarislowsky Fraser, which holds a 6.9-per-cent stake in Gildan, said Tuesday that it stands firmly against the board’s decision to terminate Glenn Chamandy last week