All HanesBrands articles
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News briefsGildan closes HanesBrands deal
Gildan Activewear has closed its $2.2 billion purchase of HanesBrands, adding iconic brands and targeting $200 million in cost synergies.
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AnalysisExecutive pay rebounds across vendors in 2024
Vendor executive pay grew 13 percent in 2024, led by a 24 percent rebound in CEO packages, while CFO pay edged up 5%.
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ArticleGildan, HanesBrands to merge, if shareholders approve
Gildan seeks to acquire HanesBrands and hopes to achieve cost synergies worth $200m three years out.
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ArticleTarget in partnership with Champion and will go for $15bn+ in sales growth by 2030
The discount department store giant will offer more brand partnerships to end-customers, for example, with Champion and Disney.
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AnalysisAnalysis: 2024 Global Sporting Goods Industry Stocks Slip Lower in 2024
Which of the top 85 sporting goods companies performed best, and which lost ground in 2024? Get the figures.
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ArticleHanesbrands supports the homeless in the US for the 15th time
The Hanes for Good program is celebrating its 15th year of helping the homeless.
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AnalysisVendor executive compensation fell 24% in 2023
Who in the sporting goods industry earned the best salary in 2023? Get the figures from our summary.
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News briefsHanesBrands closes distribution center in the US
75 people lost their jobs when HanseBrands closed down its distribution center in the southeast of the US.
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News briefsAuthentic acquires Champion and unveils new brand partners
Authentic has chosen three brand partners for the iconic brand.
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ArticleHanesbrands taking a new direction sans Champion
Hanesbrands, which reached an agreement to divest its global Champion business and exited its U.S. outlet store network in July, is moving forward with a more focused, simplified business structure focused on the remaining brands in its portfolio. In H2, the company will pay down approximately $1 billion in ...
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ArticleAuthentic Brands Group to acquire Champion from HanesBrands
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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ArticleHanesbrands still weighing options for Champion
Senior Hanesbrands’ executives remain mum on whether the company will retain or eventually divest the Champion business. Still, they confirm the brand will likely reach its low-water sales point in Q2. The completion of an inventory clean-up and a return of the brand’s largely seasonal collegiate business should brighten Champion’s ...
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News briefsHanesBrands reports progress towards sustainability goals in 2023 Summary
HanesBrands Inc. has disclosed substantial progress towards its sustainability objectives in the 2023 Sustainability Summary Report. The report underscores the strides made across its brands like Hanes, Champion, Bonds, Maidenform, and Bali, underlining commitments to People, Planet, and Product. The company achieved noteworthy milestones in 2023, securing approval on its ...
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News briefsAuthentic Brands Group nears deal to acquire Champion?
After months of anticipation, it appears that Hanesbrands, Inc.’s Champion brand is on the verge of being acquired by Authentic Brands Group (Authentic). According to a source familiar with the negotiations, reported by Women’s Wear Daily (WWD), Authentic has emerged as the winning bidder in the sale process, with the ...
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ArticleHanesBrands plots next moves for Champion business
Stephen Bratspies, CEO of HanesBrands, hinted about strategic alternatives for the company’s flagging Champion business but offered few specifics when speaking to analysts during the apparel company’s year-end conference call. “[…] the process is progressing as expected,” Bratspies commented, adding, “We continue to evaluate the right path forward as ...
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News briefsHanesBrands closes distribution center in North Carolina
As reported by businessnc.com, HanesBrands is shutting down operations at its distribution center in Winston-Salem, North Carolina, USA, as the company streamlines its operations. This is the third major cost-cutting measure at HanesBrands since last January. The closure of the facility will cost 159 jobs – the fourth set of ...
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News briefsHanesBrands receives $20.5 million insurance compensation for 2022 ransomware attack
HanesBrands Inc. has received $20.5 million in insurance compensation for the 2022 ransomware attack that cost the company around $100 million in global sales. The apparel manufacturer disclosed the insurance payout in its third-quarter regulatory filing with the U.S. Securities and Exchange Commission (SEC), as the payment represents compensation for ...
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ArticleThree new independent directors for HanesBrands
HanesBrands has appointed three new independent directors to its Board of Directors. Colin Browne, Natasha Chand and John Mehas will take on the new roles, effective immediately. With these appointments, the company’s board will temporarily expand to 13 directors before returning to 10 directors effective at the 2024 annual meeting ...
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News briefsHanesBrands’ activewear operating profit slips by 54 percent in Q3
Operating profit for HanesBrands’ Activewear segment fell 54 percent to $24,853,000 from $53,491,000 for the period ended Sep. 30. Activewear sales tumbled 17 percent to $383,600,000 from $461,043,000 as the segment experienced declines across most channels and brands that were driven by ongoing category headwinds, soft consumer demand and excess ...
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News briefsWHP Global and Authentic reportedly interested in buying Champion
WHP Global and Authentic Brands Group are both interested in buying Champion from its parent company HanesBrands, according to a report by CNBC. Sources also said, however, that a deal is not close to completion, and if HanesBrands ever moves forward, it will not select a buyer until 2024. WHP ...
