HanesBrands has announced that its board and executive team are assessing strategic options for the global Champion business, including “a potential sale or other strategic transaction,” the company said in a statement. That does not mean that the assessment process will result in any particular transaction or strategic outcome regarding that brand, explained HanesBrands, which has not set a timetable for completing this process. No further announcements regarding the process will be made unless and until the company deems it appropriate or necessary. Goldman Sachs and Evercore serve as financial advisors to HanesBrands in this process, while Jones Day and Kirkland & Ellis serve as legal advisors. In addition to Champion, US-based HanesBrands owns several other brands, including Hanes, Bonds and Playtex, among others. The company employs 51,000 associates in 32 countries.

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