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Gildan HanesBrands Acquisition: A $2.2 Billion Deal
Gregg Kell
August 14, 2025
The recent Gildan HanesBrands acquisition marks a significant shift in the apparel industry, as Canada’s Gildan Activewear is set to purchase the struggling HanesBrands for an impressive $2.2 billion.This strategic move not only enables Gildan access to popular clothing lines like Hanes and Maidenform, but it also underscores the challenges HanesBrands has faced, including three consecutive years of declining sales and consistent financial losses since 2021.
