Hanesbrands completes Pacific Brands acquisition - sportstextiles: Lea SportsTextiles

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Hanesbrands completes Pacific Brands acquisition

15/07/2016
Apparel group Hanesbrands has completed a deal to acquire Pacific Brands, an Australian underwear and intimate apparel company. The deal is worth approximately $800 million.

“Pacific Brands is a great addition to our strong market-leading portfolio spanning the Americas, Europe and Asia-Pacific,” said Gerald Evans, Hanes chief operating officer. 

It is the second purchase that the US company has completed in the past two weeks after the recent acquisition of Champions Europe.

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