Gildan Activewear Looks to Expand Outsourcing Business to Companies Fleeing Asia

Gildan Activewear hopes to become an outsourcing supplier of choice to major clothing branded companies worried about poor working conditions in Asia.

The apparel company said Thursday that its growing facilities in Honduras can lure companies that are looking to repatriate their production to the Western Hemisphere following a building collapse in Bangladesh last month that killed more than 900.

"The last thing in the world they want is for their brands to be compromised or tainted by sourcing from suppliers that don't have proper working conditions," chief administrative and financial officer Laurence Sellyn said in an interview.