Gildan Activewear, Russell Brands reach $1M million trademark settlement

March 1, 2013

The Brandon Sun

Canadian apparel manufacturer Gildan Activewear Inc. (TSX:GIL) has reached a $1-million trademark infringement settlement with two American companies.

The settlement with Russell Brands and Fruit of the Loom, both based in Bowling Green, Ky., stems from the relabelling and resale of Jerzees brand sportswear at stores in several U.S. states.

Under the terms of the agreement, Montreal-based Gildan must stop removing or altering Jerzees labels and tags and must destroy any stock of the sportswear. Gildan will also pay $50,000 in attorney's fees for the two companies.

This complete story can be read on The Brandon Sun website.