Gildan Activewear is buying the struggling HanesBrands for $2.2 billion in a deal that gives the basic apparel maker access to household name brands like Hanes and Maidenform. The companies put the transaction’s valued at about $4.4 billion when HanesBrands’ debt is included. Gildan, in addition to its namesake brand, also makes American Apparel and Peds. HanesBrands’ sales have fallen …
Read More »Cyptea Daily News
Breaking News
- U.S. Steel Explosion Presents Challenge to Nippon’s Investment Plans – The Wall Street Journal
- TOMORROW: Governor Newsom, California leaders to make major announcement in response to Trump’s gerrymandering attempts – Governor of California (.gov)
- Zelenskyy on Trump-Putin summit: “Talks about us, without us, will not work” for Ukraine
- RFK Jr. Refuses To Blame Misinformation As Driving Force Behind CDC Shooting
- Northern District of New York | Saratoga County Man Charged with Cyberstalking Family Member of Slain UnitedHealthcare CEO Brian Thompson