Gildan opened its first
offshore sewing facility in Honduras, in 1997. The plant was vertically integrated and employed 1,200 workers. A year later, the company achieved an
initial public offering and was listed publicly on both the
Toronto Stock Exchange and the
NYSE American (then the American Stock Exchange). By 2001, Gildan was the leading distributor of 100% cotton T-shirts in the US as determined by the
ACNielsen S.T.A.R.S. Report. The next year, the company opened a knitting, bleaching, dyeing, finishing, and cutting facility in Rio Nance, Honduras. logo In May 2012, Gildan again expanded with its purchase of 130-year old apparel maker Anvil Holdings, Inc., the parent company of Anvil Knitwear and producer of environmentally-friendly lines of sustainable, recycled, and organic apparel. In 2014, Gildan acquired Doris Hosiery for CA$110 million. In February 2015, Gildan announced its intent to purchase the Comfort Colors brand and assets, for a total purchase price of approximately US$100 million. In 2016, Gildan announced its $55 million purchase of
PEDS Legwear. In 2017, Gildan acquired American clothing company
American Apparel for $88 million. In 2021, Gildan acquired 100 percent of the equity interests of Phoenix Sanford, LLC. On 11 December 2023, Glenn J. Chamandy left his position as president and chief executive officer and director of the company.
Vince Tyra was appointed president and CEO effective 12 February 2024, with Craig A. Leavitt assuming the position of president and Chief executive officer during the interim period. On 19 March 2024, Gildan announced its intention to sell the company after a special committee review and amid a battle between its top stockholders, following the dismissal and proposed reinstatement of co-founder Glenn Chamandy as CEO. On 13 August 2025, Gildan agreed to purchase American undergarments manufacturer
Hanesbrands for US$2.2 billion in cash and stock. The deal is expected to close in late 2025 or early 2026. Shareholders have approved the deal. == Advertising and sponsorships ==