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 / b.c.begley Subscribe To My Patreon / bcbegley Watch Me On YouTube / @b.c.begley6007 Follow Me On Twitter / bc_news1 Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok / bcbegley #GildanAcquisition, #RetailNews, #BusinessUpdate #shorts