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Gildan’s $2.2B Deal for HanesBrands Signals Major Changes in Fashion
Count Gildan Activewear Inc.’s cash and stock deal to buy HanesBrands Inc. as a $2.2 billion ripple in the fashion industry hinting at waters that are roiling just under the surface. Even though the fashion industry’s bigwigs have gone to great pains to project calm in the midst of President Donald Trump’s trade war — the reality of 35 percent tariffs from many markets can only be “mitigated” away for so long.
The Canadian garment company said the acquisition will expand its scale and strengthen its global positioning.
HanesBrands’ stock falls, as the buyout agreement with Gildan disappointed investors who were expecting a better deal.
Hanesbrands targets margin growth through debt cuts, asset sales, and tech upgrades, with positive EPS and revenue trends.
The merger of two apparel giants promises to reshape the industry landscape, with significant implications for jobs and ...
The Financial Times reported Hanesbrands may receive a buyout offer from Gildan Activewear. The final price appears to be $5 ...
The Ademi Firm is investigating HanesBrands (NYSE: HBI) for possible breaches of fiduciary duty and other violations of law in its transaction with Gildan. Click here to learn how to join our ...
The merger of two apparel giants promises to reshape the industry landscape, with significant implications for jobs and ...
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