HanesBrands to acquire DBApparel and form world’ - sportstextiles: Lea SportsTextiles

News

HanesBrands to acquire DBApparel and form world’s biggest intimate clothing group

26/06/2014
French intimate apparel, hosiery and underwear group DBApparel (DBA) is to be acquired by US group HanesBrands.

In a statement on June 25, HanesBrands said the deal would go ahead, subject to customary closing conditions. The deal values DBA at €400 million.

Hanes and DBA were formerly separate sister companies under the ownership of Sara Lee Corporation. In 2006, investment group Sun Capital acquired DBA and Hanes spun off into an independent public company. Together, the two companies will be one of the largest basic innerwear apparel companies in the world.

Hanes chief executive, Richard Noll, said in the statement: “We will be able to reunite two great companies to create significant growth and margin-expansion opportunities. Together, we will be a nearly $6 billion company utilising our disciplined ‘innovate-to-elevate’ strategy and leveraging our global supply chain.”


Related stories:

Hanesbrands donates apparel to Louisiana flood victims 05/09/2016
Drop in revenue at Hanesbrands in Q2 04/08/2016
Hanesbrands agrees Pacific Brands deal 29/04/2016
Hanesbrands wins EPA excellence award 14/04/2016

Sportstextiles.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.