News

Gildan to Buy Underwear Maker Hanesbrands for $2.2 Billion

Gildan Activewear Inc. agreed to buy US underwear maker Hanesbrands Inc. — aiming to double its annual sales — for about $2.2 ...

Winston-Salem’s Hanesbrands on verge of $5 billion sale: Financial Times

An international clothing company based in Winston-Salem is on the verge of being sold for $5 billion, according to the ...
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Hanesbrands Faces Possible Debt Rating Upgrade on Proposed Gildan Merger

S&P Global Ratings placed Hanesbrands’ debt ratings on CreditWatch positive because it believes Hanesbrands’ credit profile ...

HanesBrands is being bought out, but the stock is falling. Here’s why.

HanesBrands’ stock falls, as the buyout agreement with Gildan disappointed investors who were expecting a better deal.

HanesBrands and Gildan merger could change big business landscape in Downtown Winston-Salem, economist says

Gildan confirmed that the HanesBrands name will close, and the combined company will operate under the Gildan name. They also ...

T-shirt maker Gildan nears deal to acquire US underwear group Hanesbrands

Canada’s Gildan Activewear is nearing a deal to acquire Hanesbrands, in a takeover that could value the US underwear-maker at ...

NC to lose Hanesbrands HQ in $4.4B merger

Gildan Activewear Inc. and Hanesbrands Inc. have agreed to a merger valued at about $4.4 billion, the companies have ...