Gildan announces shapewear acquisition

20/06/2014
Montreal-based clothing company Gildan Activewear has announced a definitive agreement to acquire hosiery, legwear and shapewear manufacturer Doris.

The company said it would pay an initial sum of just over $1 million with possible additional payments of more than $9 million based on sales and growth.

Doris brands include Secret, which is most famous for pantyhose, but is a growing brand for shapewear in Canada. Other brands that have attracted Gildan are the Silks and TherapyPlus brands, which provide therapeutic legwear for medical conditions and everyday activities.