Corporate

Authentic Brands Group to acquire Champion from HanesBrands

By 2024-06-06T06:34:00

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HanesBrands’ decision to shed its flagging Champion business, alluded to for months, will come to fruition in the second half of its financial year. Authentic Brand Group has signed a binding agreement to purchase the Champion athletic wear business for up to $1.5 billion. The transaction, expected to close sometime ...

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