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.

Gildan Buying HanesBrands in $2.2 Billion Cash and Stock Deal

In a major move to consolidate the basic side of the apparel industry, Gildan Activewear Inc. has agreed to buy HanesBrands ...
Winston-Salem Journal4h

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 ...

Gildan to Buy Underwear Maker Hanesbrands for $2.2 Billion

Gildan Activewear Inc. agreed to buy US underwear maker Hanesbrands Inc. — aiming to double its annual sales — for about $2.2 ...

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 ...