Gildan’s Reinstated CEO Embroiled in Tax Dispute Over Forex Trades

The activewear executive is tangling with Quebec authorities
He’s contesting tax reassessments over ‘straddle’ trades

Glenn Chamandy
Photographer: Graham Hughes/Bloomberg

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By Mark Mann

July 24, 2024 at 4:02 PM UTC

This article is for subscribers only.

Glenn Chamandy, the executive who fought the board of apparel maker Gildan Activewear Inc. and won his old job back, has another opponent now: tax authorities in Canada.

Chamandy and his lawyers are tangling with Revenu Québec, a provincial tax collection agency, over tax filings he made years ago. The agency is after about C$47 million ($34.1 million), including a C$6.4 million penalty on one of Chamandy’s numbered companies.