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Stock Market & Financial Investment News

News Breaks
September 23, 2013
08:42 EDTGILGildan Activewear announce planned major investment in yarn-spinning facilities
Gildan Activewear announced that it is evaluating potential sites in the Southern U.S. for the construction of two additional yarn-spinning facilities, to support its projected sales growth and further reinforce its position as a global low-cost manufacturer. The facilities will be built with the most modern product technology, which will continue to differentiate the product quality of Gildan branded products. The company currently expects to invest in excess of $200M during FY14 and FY15 for the construction and ramp up of these new facilities. This investment will be made in addition to the investments announced on November 29, 2012 for a new ring-spun yarn manufacturing facility in Salisbury, N.C., and the refurbishment and modernization of the Company's open-end facilities in Clarkton, N.C. and Cedartown, GA.
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August 19, 2014
08:03 EDTGILCarter's has favorable risk/reward, says Goldman
Goldman said cotton prices are at a 5-year low and basic apparel companies Carter's (CRI) which is Buy rated, Gildan (GIL), and HanesBrands (HBI), both Neutral rated, are the most leveraged to the lower prices. The firm believes Carter's offers the best exposure to lower cotton prices and notes leadership in kids apparel and branding offering.

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