Counselor’s exclusive ranking of the suppliers with the most revenue in the promotional products industry.

Gildan

(asi/56842)

Despite an epic proxy fight in the first half of 2024 that included the ouster and subsequent return of co-founder/CEO Glenn Chamandy, Gildan increased its promo channel sales by an estimated 6%, thanks in part to a bounce-back in demand. Still, the publicly traded firm’s company-wide net income (which includes promo and other verticals) declined about 25%, a drop caused in part by money spent on the proxy war. The corporate battle began in mid-December 2023 when a previous Gildan board removed Chamandy. While he returned triumphantly last May, backed by a new board that supports him, former directors sued Gildan for a combined $25.6 million in deferred compensation in March 2025. As of that filing, Gildan had reportedly spent $82 million on the corporate clash. Still, 2025 is off to a good start: Gildan’s Q1 sales rose 2.3% and net earnings increased.