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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000912057-05-000009.txt : 20050211
<SEC-HEADER>0000912057-05-000009.hdr.sgml : 20050211
<ACCEPTANCE-DATETIME>20050211154510
ACCESSION NUMBER:		0000912057-05-000009
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20050211
DATE AS OF CHANGE:		20050211

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GILDAN ACTIVEWEAR INC
		CENTRAL INDEX KEY:			0001061894
		STANDARD INDUSTRIAL CLASSIFICATION:	APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL [2300]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1003

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-56253
		FILM NUMBER:		05598378

	BUSINESS ADDRESS:	
		STREET 1:		725 MONTEE DE LIESSE
		STREET 2:		VILLE SAINT LAURENT
		CITY:			QUEBEC CANADA
		STATE:			A8
		ZIP:			00000
		BUSINESS PHONE:		5147352023

	MAIL ADDRESS:	
		STREET 1:		725 MONTEE DE LIESSE
		STREET 2:		ST LAURENT QUE
		CITY:			CANADA
		STATE:			A8
		ZIP:			00000

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FONDS DE SOLIDARITE DES TRAVAILLEURS DU QUEBEC
		CENTRAL INDEX KEY:			0000903337
		IRS NUMBER:				980140536
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		8717 RUE PERRI
		STREET 2:		MONTREAL QUEBEC
		CITY:			CANADA H2M 2T9
		STATE:			A8
		ZIP:			00000

	MAIL ADDRESS:	
		STREET 1:		8717 RUE PERRI
		STREET 2:		MONTREAL QUEBEC
		CITY:			CANADA H2M 2T9
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>a2151495zsc13g.htm
<DESCRIPTION>SC 13G HTML
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY BGCOLOR="#FFFFFF" LINK=BLUE  VLINK=PURPLE>
<BR>
<FONT SIZE=3 ><A HREF="#05MTL1022_1">QuickLinks</A></FONT>
<font size=3> -- Click here to rapidly navigate through this document</font>

<P><FONT SIZE=2>
<hr noshade width=100% align=left size=4>
<hr noshade width=100% align=left size=1> </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>  </B></FONT><FONT SIZE=2><B>Washington,&nbsp;D.C. 20549  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=5><B>Schedule&nbsp;13G  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=4><B>Under the Securities Exchange Act of 1934<BR>  </B></FONT><FONT SIZE=2><B>(Initial Statement)  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=4><B><U>Gildan Activewear&nbsp;Inc.</U><BR>  </B></FONT><FONT SIZE=2><B>(Name of Issuer)  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=4><B><U>Class&nbsp;A Subordinate Voting Shares</U><BR>  </B></FONT><FONT SIZE=2><B>(Title of Class of Securities)  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=4><B><U>375 916 103</U><BR>  </B></FONT><FONT SIZE=2><B>(CUSIP Number)  </B></FONT></P>

<P><FONT SIZE=2>Check the following box if a fee is being paid with this statement 9. (a fee is not required only if the filing person: (1)&nbsp;has a previous statement on file reporting
beneficial ownership of more than five percent of the class of securities described in Item&nbsp;I; and&nbsp;(2) has filed no amendment subsequent thereto reporting beneficial ownership of five
percent or less of such class.) (See&nbsp;Rule&nbsp;13d-7.) </FONT></P>

<P><FONT SIZE=2>*&nbsp;The
remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter the disclosures provided in a prior cover&nbsp;page. </FONT></P>

<P><FONT SIZE=2>The
information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section&nbsp;18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject
to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the&nbsp;Notes). </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Page&nbsp;1
of 5 </FONT></P>

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<TD WIDTH="44%" ALIGN="CENTER"><FONT SIZE=2><B>CUSIP No. 375 916 103</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="8%" ALIGN="CENTER"><FONT SIZE=5><B>13G</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=5>&nbsp;</FONT></TD>
<TD WIDTH="44%" ALIGN="CENTER"><FONT SIZE=2><B>Page 2 of 5 Pages</B></FONT></TD>
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<TH WIDTH="13%" ALIGN="CENTER"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="85%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%" ALIGN="CENTER"><BR><FONT SIZE=5><B>1</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><BR><FONT SIZE=2><B>NAMES OF REPORTING PERSONS<BR>
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)<BR>
Fonds de solidarit&eacute; des travailleurs du Qu&eacute;bec (F.T.Q.) (hereinafter referred to as&nbsp;Fonds)</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%" ALIGN="CENTER"><BR><FONT SIZE=5><B>2</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><BR><FONT SIZE=2><B>CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)<BR>
(a): N/A<BR>
(b) N/A</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%" ALIGN="CENTER"><BR><FONT SIZE=5><B>3</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><BR><FONT SIZE=2><B>SEC USE ONLY</B></FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%" ALIGN="CENTER"><BR><FONT SIZE=5><B>4</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><BR><FONT SIZE=2><B>CITIZENSHIP OR PLACE OF ORGANIZATION<BR>
Montreal (Quebec) CANADA</B></FONT></TD>
</TR>
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<TR VALIGN="BOTTOM">
<TH WIDTH="27%" ALIGN="CENTER"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="13%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="56%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="27%" ALIGN="CENTER"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="CENTER"><FONT SIZE=5><B>5</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="56%"><FONT SIZE=2><B>SOLE VOTING POWER</B></FONT><FONT SIZE=2><BR>
859&nbsp;000 Class&nbsp;A Subordinate Voting Shares</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="27%" ALIGN="CENTER"><BR><FONT SIZE=2> NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="CENTER"><BR><FONT SIZE=5><B>6</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="56%"><BR><FONT SIZE=2><B>SHARED VOTING POWER</B></FONT><FONT SIZE=2><BR>
N/A</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="27%" ALIGN="CENTER"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="CENTER"><BR><FONT SIZE=5><B>7</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="56%"><BR><FONT SIZE=2><B>SOLE DISPOSITIVE POWER</B></FONT><FONT SIZE=2><BR>
859&nbsp;000 Class&nbsp;A Subordinate Voting Shares</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="27%" ALIGN="CENTER"><BR><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="13%" ALIGN="CENTER"><BR><FONT SIZE=5><B>8</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="56%"><BR><FONT SIZE=2><B>SHARED DISPOSITIVE POWER</B></FONT><FONT SIZE=2><BR>
N/A</FONT></TD>
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<TH WIDTH="2%"><FONT SIZE=1>&nbsp;</FONT></TH>
<TH WIDTH="85%" ALIGN="LEFT"><FONT SIZE=1>&nbsp;</FONT><BR></TH>
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<TD WIDTH="13%" ALIGN="CENTER"><FONT SIZE=5><B>9</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH="85%"><FONT SIZE=2><B>AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</B></FONT><FONT SIZE=2><BR>
859&nbsp;000 Class&nbsp;A Subordinate Voting Shares</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%" ALIGN="CENTER"><BR><FONT SIZE=5><B>10</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><BR><FONT SIZE=2><B>CHECK BOX IF THE AGGREGATE AMOUNT IN ROW&nbsp;(9) EXCLUDES CERTAIN SHARES (SEE&nbsp;INSTRUCTIONS)</B></FONT><FONT SIZE=2><BR>
N/A</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%" ALIGN="CENTER"><BR><FONT SIZE=5><B>11</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><BR><FONT SIZE=2><B>PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)</B></FONT><FONT SIZE=2><BR>
2.89&nbsp;%</FONT></TD>
</TR>
<TR VALIGN="TOP">
<TD WIDTH="13%" ALIGN="CENTER"><BR><FONT SIZE=5><B>12</B></FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="85%"><BR><FONT SIZE=2><B>TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</B></FONT><FONT SIZE=2><BR>
IV</FONT></TD>
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<HR NOSHADE>
<P style='page-break-before:always'></p>
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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="be1022_annex_1"> </A>
<A NAME="toc_be1022_1"> </A>
<BR></FONT><FONT SIZE=2><B>ANNEX 1    <BR>    </B></FONT></P>

<P><FONT SIZE=2><B><U>ITEM 1</U>  </B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2><B>(a)</B></FONT></DT><DD><FONT SIZE=2><B>Name of Issuer:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Gildan Activewear&nbsp;Inc.
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2><B>(b)</B></FONT></DT><DD><FONT SIZE=2><B>Address of Issuer's Principal Executive offices:</B></FONT><FONT SIZE=2><BR>
725 Mont&eacute;e de Liesse<BR>
Ville Saint-Laurent (Qu&eacute;bec) CANADA<BR>
H4T&nbsp;1P5 </FONT></DD></DL>

<P><FONT SIZE=2><B><U>ITEM 2</U>  </B></FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2><B>(a)</B></FONT></DT><DD><FONT SIZE=2><B>Name of the person filing:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Fonds de solidarit&eacute; des travailleurs du Qu&eacute;bec&nbsp;(F.T.Q.)
("Fonds")
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2><B>(b)</B></FONT></DT><DD><FONT SIZE=2><B>Address of Principal Business Office:</B></FONT><FONT SIZE=2><BR>
545, blvd. Cremazie East, suite 200<BR>
Montreal (Quebec) CANADA<BR>
H2M&nbsp;2W4
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2><B>(c)</B></FONT></DT><DD><FONT SIZE=2><B>Citizenship:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;The Fonds is a stock company and a development capital investment fund established by a special act of the
Legislature of the Province of Quebec, Canada. The Fonds is a labour sponsored venture capital fund whose a majority of its directors is appointed by the F&eacute;d&eacute;ration des
travailleurs du Qu&eacute;bec (Quebec Federation of&nbsp;Labour).
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2><B>(d)</B></FONT></DT><DD><FONT SIZE=2><B>Title of Class of Securities:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;Class&nbsp;A Subordinate Voting Shares
<BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT SIZE=2><B>(e)</B></FONT></DT><DD><FONT SIZE=2><B>CUSIP Number:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;375&nbsp;916&nbsp;103 </FONT></DD></DL>

<P><FONT SIZE=2><B><U>ITEM 3</U>  </B></FONT></P>

<P><FONT SIZE=2><B>Classification of person filing:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;N/A </FONT></P>

<P><FONT SIZE=2><B><U>ITEM 4</U>  </B></FONT></P>

<P><FONT SIZE=2><B>Amount beneficially owned:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;859 000 Class&nbsp;A Subordinate Voting Shares </FONT></P>

<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>(a)</FONT></DT><DD><FONT SIZE=2><BR><BR></FONT></DD><DT style='margin-bottom:-11pt;'><FONT
SIZE=2>(b)</FONT></DT><DD><FONT SIZE=2><B>Percent of class:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.89% </FONT></DD></DL>
<P ALIGN="CENTER"><FONT SIZE=2>Page&nbsp;3
of 5 </FONT></P>

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<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2><B>(c)</B></FONT></DT><DD><FONT SIZE=2><B>Number of shares as to which such person has:</B></FONT></DD></DL>

<P><FONT SIZE=2><B>Sole power to vote or to direct the vote:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;859&nbsp;000 Class&nbsp;A Subordinate Voting Shares </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>i)</FONT></DT><DD><FONT SIZE=2><B>Shared power to vote or to direct the vote:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;N/A </FONT></DD></DL>
</UL>

<P><FONT SIZE=2><B>Sole power to dispose or to direct the disposition of:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;859&nbsp;000 Class&nbsp;A Subordinate Voting Shares </FONT></P>

<UL>
<DL compact>
<DT style='margin-bottom:-11pt;'><FONT SIZE=2>ii)</FONT></DT><DD><FONT SIZE=2><B>Shared power to dispose or to direct the disposition of:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;N/A </FONT></DD></DL>
</UL>

<P><FONT SIZE=2><B><U>ITEM 5</U>  </B></FONT></P>

<P><FONT SIZE=2><B>Ownership of 5% or less of a Class:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;2.89% </FONT></P>

<P><FONT SIZE=2><B><U>ITEM 6</U>  </B></FONT></P>

<P><FONT SIZE=2><B>Ownership of more than 5% on behalf of another person:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;N/A </FONT></P>


<P><FONT SIZE=2><B><U>ITEM 7</U>  </B></FONT></P>

<P><FONT SIZE=2><B>Identification and classification of the subsidiary acquiring securities:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;N/A </FONT></P>

<P><FONT SIZE=2><B><U>ITEM 8</U>  </B></FONT></P>

<P><FONT SIZE=2><B>Identification and Classification of Members of the Group:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;N/A </FONT></P>


<P><FONT SIZE=2><B><U>ITEM 9</U>  </B></FONT></P>

<P><FONT SIZE=2><B>Notification of dissolution of Group:</B></FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;N/A </FONT></P>

<P><FONT SIZE=2><B><U>ITEM 10</U>  </B></FONT></P>

<P><FONT SIZE=2><B>Certification</B></FONT></P>

<P><FONT SIZE=2>By
signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are
not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in
any transaction having that purpose or&nbsp;effect. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>Page&nbsp;4
of 5 </FONT></P>

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<P ALIGN="CENTER"><FONT SIZE=2><A
NAME="bg1022_signature"> </A>
<A NAME="toc_bg1022_1"> </A>
<BR></FONT><FONT SIZE=2><B>SIGNATURE    <BR>    </B></FONT></P>

<P><FONT SIZE=2>After
reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and&nbsp;correct. </FONT></P>

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<TD WIDTH="54%"><BR><FONT SIZE=2> February 9th 2005.</FONT></TD>
<TD WIDTH="2%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="4%"><FONT SIZE=2><BR>
By:</FONT></TD>
<TD WIDTH="1%"><FONT SIZE=2><BR>&nbsp;</FONT></TD>
<TD WIDTH="39%"><FONT SIZE=2><BR>
/s/&nbsp;&nbsp;</FONT><FONT SIZE=2>MARIO TREMBLAY</FONT><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><HR NOSHADE><FONT SIZE=2> Mario Tremblay<BR>
Head of the Corporate Affairs Department<BR>
and Assistant Corporate Secretary</FONT></TD>
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<P ALIGN="CENTER"><FONT SIZE=2>Page&nbsp;5 of 5 </FONT></P>

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<BR>
<P><br><A NAME="05MTL1022_1">QuickLinks</A><br></P><!-- TOC_BEGIN -->
<FONT SIZE=2><A HREF="#toc_be1022_1">ANNEX 1</A></FONT><BR>

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<FONT SIZE=2><A HREF="#toc_bg1022_1">SIGNATURE</A></FONT><BR>
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