Approach

Business Model

Our founding business model, of owning and operating the manufacturing facilities that produce the vast majority of the products we sell, sets us apart from most major global apparel companies. This direct control of almost the entire manufacturing process, from raw materials to finished products, allows the Company to ensure that responsible and sustainable practices are deployed throughout the complete value chain.

 

Our focus is to produce everyday family apparel for consumers globally, while never compromising on our belief that operating responsibly, taking care of our employees and integrating sustainable solutions into our business are key factors in our success and future growth.

Our Company
Our Company

We are one of the world’s largest vertically-integrated manufacturers of everyday basic apparel, including activewear, underwear, socks, hosiery, and legwear. The vast majority of our revenues are generated within our Company-owned manufacturing operations, primarily located in Central America, the Caribbean Basin, North America and Bangladesh.

Our founding business model, of owning and operating the manufacturing facilities that produce the majority of the products we sell, sets us apart from most major global apparel companies. This direct control of almost the entire manufacturing process, from raw materials to finished products, allows the Company to ensure that responsible and sustainable practices are deployed throughout the complete value chain.

We market our products in North America, Europe, Asia-Pacific and Latin America, under a diversified portfolio of company-owned brands. Our products are sold to wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms. In addition, we sell directly to consumers through our own direct-to-consumer platforms.

Our growing portfolio of brands provides the opportunity to deliver quality everyday family apparel to consumers globally.

For more informations on our Company, visit the corporate website at www.gildancorp.com.

Our Vision, Mission & Values

Our Vision

Making Apparel Better™

Our Mission

Creating Value in Everything We Do

Our Values

We Act Like Entrepreneurs

We pursue excellence and constantly challenge the status quo. As a founding principle of the Company's DNA, our entrepreneurial spirit reflects our leadership’s passion to do more and creates a sense of ownership and accountability that continues to drive our future growth and success.

We Operate Responsibly

We take pride in not only the quality of our products, but in how they are made. We know that operating responsibly is critical to achieving our long-term goals and drive towards best practices in every area of the Company and to operating ethical, safe and sustainable manufacturing facilities influences every decision we make, down to the smallest detail.

We Believe in our People

We value empowerment and teamwork everywhere we operate. The pride that we have in every product we make and every life we touch can be seen through our commitment to our employees, customers, investors and partners worldwide. We know that when we roll up our sleeves and work together, nothing is beyond our reach.

Vertical Integration Model

Our Company was founded on a belief that owning the factories and controlling every step in the process was the best way to make great apparel. From spinning our own yarns through to assembling the final garments and distributing our products, we prefer to do it all. This vertical integration provides us unparalleled control and visibility across the full value chain and allows us to implement industry-leading labour and environmental practices throughout.

Vertical Integration Model
Our Supply Chain Ownership
Our Supply Chain Ownership
  • Tier 1: Facilities where finished products are manufactured.
  • Tier 2: Facilities where textiles that will be used in finished products are manufactured
  • Tier 3: Yarn facilities where yarns that will be used to make textiles are manufactured
  • Raw Materials: Cotton and other fibres which are used to make yarns
  • Trims & supplies: Trims, chemicals, packaging and other materials needed to manufacture and distribute our products
Responsible Sourcing
Responsible Sourcing

The vast majority of our products are manufactured in facilities that we own and operate but for certain products we outsource production, which represents less than 10% of our total production in terms of revenue. By the end of 2018, our contractor base included 93 third-party manufacturing facilities that actively produced throughout the year, 20 of which accounted for almost all of our outsourced production.

All potential suppliers of outsourced production are evaluated diligently for compliance to our Code of Conduct, which contains strict criteria on labour practices, workplace safety, protection of human rights and others. A contractual clause is included in all of our commercial agreements to ensure that our contractors and suppliers receive, understand and acknowledge our Code of Conduct. As a standard practice, this clause stipulates that compliance with our Code of Conduct is a condition of doing business with us.

Products

The products we produce and sell range across the full gamut of everyday family apparel, including t-shirts, sweatshirts, polo shirts, underwear, socks, panty hose and other forms of legwear. These products are marketed and sold under one of our 13 Company-owned brands.

We also manufacture products for select leading global athletic and lifestyle brands, and certain retail customers who market the products which we manufacture under their own brands.

Product safety and quality

We are committed to delivering high quality, value-driven products. Our Global Quality System (GQS), based on international standards for quality management such as ISO 9001, ensures consistency in the quality of our products as well as in the overall quality of our processes. Our proactive and preventive approach involves standards and quality controls for raw materials, manufacturing processes and the finished products we ship to our customers.

We ensure that our products comply with the consumer product safety laws and regulations of the jurisdictions in which they are sold, which, in the United States include, the Consumer Product Safety Act and the Flammable Fabrics Act, as well as several state laws such as California’s Proposition 65.

None

Principles of the GQS are:

  • Build quality in everything we do
  • Continuous improvement: making it better every time
  • Quick service attitude: quality is also on time delivery
  • Global standardization: focus on quality consistent products
  • Environmental management: manufacturing in a responsible and sustainable manner
  • Team work: one team, one mission.
Governance related to our Genuine Responsibility™ program

We are committed to maintaining a culture of integrity, accountability and strong corporate governance. Our commitment drives us to adopt practices that go beyond simple compliance with applicable Canadian and U.S. securities legislation and the requirements of the Toronto and New York stock exchanges where Gildan’s shares are listed. Our Corporate Governance Guidelines reflect our commitment and we review and update these guidelines regularly to ensure they remain consistent with evolving industry trends and best practices.

 

As part of its formal mandate, overall responsibility for monitoring and reviewing the Company’s Genuine Responsibility practices falls to our Board of Directors. In order to enhance this oversight role, the Board has delegated to the Corporate Governance and Social Responsibility Committee the specific responsibility to oversee Gildan’s policies and practices in such areas as environment, labour, health and safety and sustainability issues, as well as community and other stakeholder relations. Management provides a comprehensive report on corporate social responsibility and environmental matters to the Corporate Governance and Social Responsibility Committee at each of its quarterly meetings and highlights to the Committee key developments, issues and risks in these areas.