Basic apparel manufacturer Hanesbrands will lay off nearly half of Maidenform Brands’ 1,330 staff worldwide as part of its merger.
WINSTON-SALEM, N.C.—Hanesbrands is raising its full-year guidance after reporting a strong first quarter. Diluted earnings per share for Q1 were up 32 percent to 49 cents. Net sales rose 12 percent to $1.04 billion. Hanesbrands credited its Gear For Sports business (acquired last November) and growth in international business and organic outerwear. The company’s FY […]