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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.
Gildan and HanesBrands Agree to Combine To Create a Global Basic Apparel Leader
Gildan Activewear Inc. ("Gildan") (TSX: GIL and NYSE: GIL) and HanesBrands Inc. ("HanesBrands") (NYSE: HBI) today announced that they have entered into a definitive merger agreement under which Gildan will acquire HanesBrands.
Canada-based Gildan Activewear will purchase HanesBrands in a $2.2 billion deal that will transfer ownership of popular name ...
U.S. equities edged higher at midday, with the S&P 500 and Nasdaq adding to their record closes, on optimism the Federal ...
Gildan Activewear has agreed to buy U.S. undergarments maker Hanesbrands for US$2.2 billion in cash and stock, the companies ...
Gildan Activewear shares rose 11% to 74.90 Canadian dollars ($54.37) on its deal to acquire Hanesbrands for $2.2 billion, combining two makers of basic apparel from T-shirts to socks at a time the ...
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies ...
Hanesbrands stock rose while Gildan share fell after it was reported that the two companies are nearing a deal which would ...
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