Gildan acquires Hanes - sportstextiles: Lea SportsTextiles

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Gildan acquires Hanes

14/08/2025
Gildan acquires Hanes
Two suppliers of sportswear basics have announced their intention to merge to create a stronger global entity on a crowded market. The transaction, in which Gildan is to acquire HanesBrands, values the American company at approximately $2.2 billion. “With this transaction, our revenues will double and we achieve a scale that distinctly sets us apart,” commented Glenn J. Chamandy, Gildan president and CEO. He noted that it gives the Canadian group “an opportunity to expand the heritage ‘Hanes’ brand presence in activewear across channels”. 

The transaction is expected to close in late 2025 or early 2026.

In addition to Hanes, the HanesBrands portfolio includes Bonds (Australia), and intimate apparel brands Maidenform and Bali. Gildan Corp is the owner of Gildan Activewear, American Apparel, Comfort Colors, Gold Toe and Peds. 

Image courtesy of Gildan Corp

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