Gildan to buy Hanesbrands for $2.2 billion to expand basic apparel business

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Gildan Activewear will acquire U.S. undergarments maker Hanesbrands for $2.2 billion in cash and stock, paying about $6 per share—a 24% premium. The deal merges Hanesbrands’ strong retail brands, including Hanes, Maidenform, and Playtex, with Gildan’s global wholesale operations. Analysts say Gildan’s low-cost manufacturing could improve efficiency. The acquisition follows years of challenges for Hanesbrands, including declining sales and heavy debt, though recent cost-cutting improved margins, CNBC has reported. The deal is expected to close in late 2025 or early 2026 and should boost adjusted profit per share. read more: 👍 Like this video to raise awareness about the major Gildan–Hanesbrands merger in the apparel industry. 💬 Comment below — Do you think this merger will make the combined company more competitive globally? 🔗 Share this video to keep others informed about significant business and retail sector news. 💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button. Your support helps us continue covering major corporate deals and market trends. 👉 Don’t forget to subscribe for more updates on mergers, acquisitions, and business news. Thanks for watching and supporting the channel. Links for B.C. Visit My Website Follow Me On Facebook Subscribe To My Patreon Watch Me On YouTube Follow Me On Twitter Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok #GildanAcquisition, #RetailNews, #BusinessUpdate