Clothier Gildan Activewear <GIL.TO>, the Canadian maker of T-shirts, socks and underwear, said on Monday it will buy U.S.-based sock maker Gold Toe Moretz Holdings for $350 million.

On the surface, things could not be going worse for basic apparel manufacturer Gildan Activewear Inc. . Its sales and profits are plunging. Its largest customer was, until recently, flirting with ...

Gildan Activewear Inc. agreed to pay $350 million to acquire socks supplier Gold Toe Moretz Holdings Corp., in a deal that will more than double Gildan's revenue from that segment. Montreal-based ...