Hanesbrands has completed its acquisition of rival intimate apparel maker Maidenform Brands in a deal worth $583 million.
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 […]
WINSTON-SALEM, N.C.—Hanesbrands, the cotton underwear and basics giant, is seeking cotton alternatives as prices rise, according to a report in the Wall Street Journal. That search has led the company to flax and a 12-year-old Vancouver-based company called Naturally Advanced Technologies (NAT). Hanesbrands signed a 10-year deal with NAT to commercialize the company’s proprietary Crailar […]