On March 25, 2024, Turtle Creek Asset Management Inc announced that it has sent an open letter to Gildan Activewear Inc board, stating that it is troubled with the board's latest attempt to avoid the judgement of its shareholders through a purported process to sell the company, and to even a casual market observer, it is so obviously a bad time to initiate a sale process that it has been left stunned in disbelief, and public companies frequently receive unsolicited purchase offers. In addition, Turtle Creek stated that it demanded the board hold the annual meeting of shareholders on an urgent basis and allow shareholders to elect a new board before further, permanent harm is caused to the company.