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Canada’s Gildan to acquire US apparel brand HanesBrands for $4.4bn
The transaction, subject to shareholder and regulatory approvals, is expected to close between late 2025 and early 2026.
The Canadian garment company said the acquisition will expand its scale and strengthen its global positioning.
Shares of Gildan Activewear Inc. GIL advanced 2.82% to C$77.75 Thursday, in what proved to be an otherwise all-around ...
S&P Global Ratings placed Hanesbrands’ debt ratings on CreditWatch positive because it believes Hanesbrands’ credit profile ...
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