Gildan also made financial steps with its long-term bank credit facility to secure around $600 million in liquidity, giving the company “financial flexibility” as it faces challenges related to the COVID-19 outbreak.
“Gildan is working diligently across all areas of our business to safeguard our people and the continuity of our business, while maintaining support to all our customers,” the company said. “We have been able to successfully navigate through difficult times over the years and adapt to changing environments, which gives us confidence that our strong business model, financial position and resilience will continue to position us well for long-term success as we emerge from the COVID-19 crisis.”
Brendan Menapace is the content director for Promo+Promo Marketing.