Gildan Activewear has agreed to buy U.S. undergarments maker Hanesbrands for $2.2 billion in cash and stock, the companies ...

The Canadian garment company said the acquisition will expand its scale and strengthen its global positioning.

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

Gildan Activewear is buying the struggling HanesBrands for $2.2 billion in a deal that gives the basic apparel maker access ...

The transaction, subject to shareholder and regulatory approvals, is expected to close between late 2025 and early 2026.

On the news, Hanesbrand's stock rocketed higher, but its enterprise value currently sits at around $4.2 billion, roughly $800 ...

The Financial Times reported that while the talks are at an advanced stage, "they are not finalized and could collapse." ...

The deal would nearly double Gildan’s revenue, but there could be antitrust hurdles because both companies sell underwear, ...

HanesBrands relocated its corporate headquarters to downtown Winston-Salem in February. The downtown office has a workforce of about 500.

Hanesbrands targets margin growth through debt cuts, asset sales, and tech upgrades, with positive EPS and revenue trends.

Hanesbrands shares jump 37% on report of near-$5 billion takeover talks with Gildan Activewear, as the company grapples with ...

HanesBrands is being bought by Canadian apparel company Gildan. Winston-Salem leaders say the sale doesn’t mean the company ...