News

Gildan to Buy Hanesbrands for $2.2 Billion

The Canadian garment company said the acquisition will expand its scale and strengthen its global positioning.
Winston-Salem Journal2h

What led to Gildan purchase of HanesBrands? Pressure from large investors

"They are No. 1 in innerwear and unrivaled in their retail presence," Chamandy said Wednesday. "With this transaction, our revenues will double, and we achieve a scale that distinctly sets ...

HanesBrands and Gildan merger could change big business landscape in Downtown Winston-Salem, economist says

Gildan confirmed that the HanesBrands name will close, and the combined company will operate under the Gildan name. They also ...

HanesBrands is being bought out, but the stock is falling. Here’s why.

HanesBrands’ stock falls, as the buyout agreement with Gildan disappointed investors who were expecting a better deal.

Hanes and Playtex Owner Agrees to $4.4 Billion Takeover. Why the Stock Is Down.

The companies hope the acquisition will create a global apparel leader with access to Hanesbrands’ innerwear brands such as ...

Why Hanesbrands Rocketed Higher Today

The Financial Times reported Hanesbrands may receive a buyout offer from Gildan Activewear. The final price appears to be $5 ...

Canada's Gildan nears deal to buy Hanesbrands at about $5 billion valuation, FT reports

Canada's Gildan Activewear is nearing a deal to acquire Hanesbrands , which could value the U.S. innerwear-maker at about $5 billion including debt, the Financial Times reported on Tuesday, citing ...