Scotiabank Raises Gildan Activewear (GIL) PT to $72 Following Hanesbrands Deal
Scotiabank has increased its price target for Gildan Activewear (GIL) to $72 from $66, maintaining an Outperform rating, following the company's deal with Hanesbrands and ahead of its Q4 2025 results. TD Securities and BMO Capital also raised their price targets for Gildan, expressing confidence in its market positioning, integration strategy, and vertically integrated manufacturing model. Analysts anticipate Gildan's ability to capture market share and achieve synergies, leading to sustained higher margins.
Scotiabank raises Gildan Activewear (GIL) PT to $72 following Hanesbrands deal
Scotiabank has increased its price target for Gildan Activewear (GIL) to $72, up from $68, while maintaining a Sector Outperform rating. This adjustment follows reports of Gildan's potential acquisition of Hanesbrands' (HBI) innerwear business for approximately $700 million. Scotiabank views the acquisition as accretive, though not immediately, and sees potential for further multiple expansion.
Sustainability Leadership Recognized at Hanesbrands Amid Corporate Transition
Hanesbrands Inc. has been named to CDP's global "A List" for its climate change and water security transparency, even as the company completes its acquisition by Gildan Activewear Inc. The recognition highlights Hanesbrands' continued commitment to environmental stewardship through its corporate transition, which saw its stock delisted from the NYSE on December 1, 2025. Gildan aims to achieve $200 million USD in annual cost synergies within three years following the merger, effectively doubling its operational scale.
Sustainability Leadership Recognized at Hanesbrands Amid Corporate Transition
Hanesbrands Inc. has been recognized on CDP's global "A List" for its climate change and water security initiatives, despite its recent acquisition by Gildan Activewear Inc. The acquisition, finalized in December 2025, made Hanesbrands a wholly-owned subsidiary of Gildan, leading to its delisting from the NYSE. The combined entity is now focused on achieving $200 million in annual cost synergies and repositioning the "Hanes" brand.
Scotiabank Raises Gildan Activewear (GIL) PT to $72 Following Hanesbrands Deal
Scotiabank has raised its price target for Gildan Activewear (GIL) to $72 from $66, maintaining an Outperform rating, in anticipation of Q4 2025 results and the finalized deal with Hanesbrands. This comes after TD Securities and BMO Capital also increased their price targets for GIL, citing confidence in the company's ability to capture market share and realize synergies through its vertically integrated manufacturing model. Analysts believe Gildan is well-positioned within the apparel industry to achieve growth and sustain higher margins.
Target Appoints Former Nike and HanesBrands Executives to Board of Directors
Target Corporation has appointed John Hoke, former Chief Innovation Officer at NIKE, Inc., and Steve Bratspies, former CEO of HanesBrands, Inc., to its Board of Directors. These appointments aim to strengthen Target's focus on design, value, and consumer understanding as the company prepares for a new chapter of growth under incoming CEO Michael Fiddelke. Hoke will join on March 1 and Bratspies on April 1, bringing extensive experience in brand building, merchandising, and complex consumer businesses.
Target adds former Nike, HanesBrands executives to board as its leadership transition nears
Target has appointed John Hoke III, former chief innovation officer at Nike, and Steve Bratspies, former CEO of HanesBrands, to its board of directors. These appointments enhance the board's expertise in design, merchandising, and operations, aligning with Target's focus on product-led experiences and value as it prepares for a leadership transition under incoming CEO Michael Fiddelke. The company emphasizes that these additions underscore its commitment to strong governance and long-term shareholder value.
Hanesbrands Stock Under Pressure: Can a Classic Apparel Name Stitch Together a Turnaround?
Hanesbrands Inc. (HBI) stock is under pressure as it begins the new year, trading closer to its 52-week low than its high, reflecting investor uncertainty due to weak innerwear demand and debt reduction efforts. Despite cost-cutting and deleveraging, analysts largely maintain a "Hold" rating, seeing limited near-term upside amidst persistent structural challenges in the apparel market. The company needs to demonstrate sustained revenue stabilization and margin protection to convince a skeptical market of its turnaround potential.
Hanesbrands Inc: Can This Beaten-Down Basics Giant Stitch Together a Comeback for Its Stock?
Hanesbrands Inc. (HBI) is experiencing a tug-of-war in its stock performance, with recent modest gains following a significant decline over the past year. The company is attempting a turnaround focused on debt reduction and brand revitalization amidst a split Wall Street community. Its future hinges on successful deleveraging, repositioning Champion, and disciplined capital allocation in a competitive and low-growth apparel market.
Hanesbrands Inc: Can This Beaten-Down Basics Giant Stitch Together a Comeback for Its Stock?
Hanesbrands Inc. (HBI) is grappling with a challenging market, experiencing significant stock declines over the last year despite recent modest gains. The company's future hinges on its ability to reduce debt, revitalize brands like Champion, and convert sluggish fundamentals into sustained shareholder returns amidst a split Wall Street sentiment. Investors are closely watching for concrete evidence that HBI's ongoing cost-cutting and working capital initiatives will translate into improved free cash flow and leverage ratios, moving the stock beyond its current "cautious Hold" consensus.
HanesBrands (HBI) Stock After the Gildan Takeover: What Delisting, Deal Terms and New Forecasts Mean for Investors (Dec 8, 2025)
HanesBrands (HBI) was acquired by Gildan Activewear (GIL) on December 1, 2025, leading to the delisting of HBI shares. Former HBI shareholders received 0.102 GIL shares plus $0.80 cash per HBI share, with the effective value now fluctuating with Gildan's stock price. The article details the deal terms, HanesBrands' recent turnaround efforts, and the new strategic outlook for the combined entity under Gildan, emphasizing integration risks and synergy potential.
Brandes Investment Partners LP Has $56.90 Million Stock Holdings in Hanesbrands Inc. $HBI
Brandes Investment Partners LP significantly increased its stake in Hanesbrands Inc. (NYSE:HBI) by 51.2% in Q2, bringing its total holdings to 12,423,152 shares valued at approximately $56.9 million. This move is part of a broader trend where several institutional investors have either increased their positions or acquired new stakes in HBI, resulting in institutions and hedge funds owning about 80.31% of the company's stock. Analysts generally rate Hanesbrands as a "Hold" with an average target price of $6.60, aligning with its current trading price.
Gildan and Hanesbrands homepage
Gildan has acquired HanesBrands, strengthening its position in the apparel industry and bringing together two companies with shared commitments to quality, innovation, and ESG practices. The combined entity aims to create lasting value for shareholders, customers, and employees through operational excellence, responsible manufacturing, and continued innovation. This acquisition was finalized on December 1, 2025, and marks a significant consolidation in the basic apparel market.
Shoppers sue Hanes over misleading ‘act now’ email promos as JCPenney, others face similar marketing claims
Hanesbrands Inc. is facing a class action lawsuit alleging it sends misleading "act now" advertising emails that create false urgency. Plaintiff Jessica Jackson claims Hanes' emails, often using phrases like "Don't Wait, FREE Shipping Ends Tmrw!", pressure consumers to make immediate purchases even though offers are frequently extended or repeated. The lawsuit, filed in Washington federal court, accuses Hanes of violating the state’s Commercial Electronic Mail Act (CEMA) and Consumer Protection Act, seeking injunctive relief and damages for Washington consumers who received similar emails.
HanesBrands Inc. Sees Third Quarter Trend Hit by Unanticipated Shift in Replenishment Orders
HanesBrands Inc. (HBI) reported that its third-quarter performance was impacted by an unexpected late-quarter shift in replenishment orders from a major U.S. retail partner. Despite this, CEO Steve Bratspies noted underlying business fundamentals improved, with strong inventory positions and sequential improvements in unit point-of-sale trends. The company also highlighted its successful back-to-school season and continued market share gains for the Hanes brand, alongside progress in cost savings initiatives and the pending acquisition by Gildan, which aims to generate $200 million in cost synergies and expand the Hanes brand in activewear.
HanesBrands Investor Alert By The Former Attorney General Of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of HanesBrands Inc. - HBI
Kahn Swick & Foti, LLC (KSF) is investigating the proposed sale of HanesBrands Inc. (HBI) to Gildan Activewear Inc. (GIL). The law firm, led by Former Attorney General Charles C. Foti, Jr., is evaluating whether the terms of the transaction, which involve HBI shareholders receiving 0.102 common shares of Gildan and $0.80 in cash per HanesBrands share, undervalue the company. KSF encourages HanesBrands shareholders who believe the offer is too low or wish to discuss their legal rights to contact the firm.
SHAREHOLDER RIGHTS ALERT: Halper Sadeh LLC Investigates WOW, GES, HBI on Behalf of Shareholders - PR Newswire
Halper Sadeh LLC is investigating WideOpenWest, Inc. (WOW), Guess?, Inc. (GES), and HanesBrands Inc. (HBI) for potential violations of federal securities laws and breaches of fiduciary duties to shareholders. The investigations concern the sales of these companies to third parties, with Halper Sadeh LLC seeking increased consideration or additional disclosures for shareholders. Shareholders of these companies are encouraged to contact the firm to discuss their legal rights and options.
Shareholder Alert: The Ademi Firm continues to investigate whether HanesBrands Inc. is obtaining a Fair Price for its Public Shareholders - WV News
The Ademi Firm is investigating HanesBrands Inc. (NYSE: HBI) for potential breaches of fiduciary duty in its transaction with Gildan. The investigation focuses on whether HanesBrands shareholders are receiving a fair price of $6.00 per share, which values the company at approximately $2.2 billion in equity and $4.4 billion in enterprise value. Concerns also include substantial benefits for HanesBrands insiders and limitations on competing bids imposed by the transaction agreement.
Shareholder Alert: The Ademi Firm continues to investigate whether HanesBrands Inc. is obtaining a Fair Price for its Public Shareholders
The Ademi Firm is investigating HanesBrands (NYSE: HBI) for potential breaches of fiduciary duty related to its transaction with Gildan. Shareholders are set to receive 0.102 Gildan shares and $0.80 cash per HanesBrands share, valuing the company at $2.2 billion in equity and $4.4 billion in enterprise value. The investigation focuses on whether the HanesBrands board is fulfilling its duties, particularly given the benefits for insiders and a significant penalty clause for competing bids.
Infosys and HanesBrands Inc. Collaborate to Unlock Hyper Productivity and AI-Driven Efficiency
Infosys and HanesBrands Inc. announced a ten-year strategic alliance to drive innovation, efficiency, and agility across HanesBrands' IT landscape using AI-first platforms. Infosys will deploy its proprietary platforms, Live Enterprise Automation Platform (LEAP) integrated within Infosys Topaz, to leverage generative AI and AIOps technologies. This collaboration aims to modernize core operations, enhance agility, simplify IT, and unlock greater value from data for HanesBrands.
HanesBrands, Inc.Investors: Company Investigated by the Portnoy Law Firm
The Portnoy Law Firm has launched an investigation into HanesBrands, Inc. for potential securities fraud and is considering a class action lawsuit on behalf of investors who lost money. This investigation follows a ransomware attack on May 24, 2021, where an unauthorized party accessed and copied certain company network information, compromising personal data. Investors are encouraged to contact the firm for a complimentary case evaluation to discuss their legal options for recovering losses.
Hanesbrands headquarters in Winston-Salem could see changes with Gildan merger
Canadian apparel company Gildan is acquiring Winston-Salem-based HanesBrands Inc., marking a significant economic announcement for the region. This merger raises questions about potential job impacts and continued economic shifts in Winston-Salem, as discussed by local economist Zagros Madjd-Sadjadi. The deal, valued at $4.4 billion including debt, needs Federal Trade Commission approval and is expected to close by early 2026.
Canada's Gildan to buy Hanesbrands for $2.2 billion to expand basic apparel business
Gildan Activewear has agreed to acquire Hanesbrands for $2.2 billion in cash and stock, aiming to expand its basic apparel business. The deal, which offers a 24% premium to Hanesbrands' previous closing price, combines Hanesbrands' strong retail presence with Gildan's wholesale market expertise. Gildan also plans to review strategic alternatives for Hanesbrands Australia post-acquisition, with the transaction expected to close in late 2025 or early 2026.
Canada's Gildan Activewear is buying North Carlina based HanesBrands for $2.2 billion
Gildan Activewear is acquiring HanesBrands for $2.2 billion, a deal valued at $4.4 billion including debt, which will give Gildan access to major brands like Hanes and Maidenform. The acquisition comes as HanesBrands has faced declining sales and Gildan recently experienced significant board and CEO changes. HanesBrands shareholders will receive a combination of Gildan shares and cash, and the transaction is expected to close by early next year pending shareholder approval.
Gildan to buy underwear maker Hanesbrands for 2.2 billion dollars
Gildan Activewear Inc. has agreed to acquire Hanesbrands Inc. for approximately $2.2 billion in cash and stock, marking its largest acquisition to date. The deal, valued at about $4.4 billion including debt, aims to achieve at least $200 million in synergies within three years and be at least 20% accretive to Gildan’s earnings per share. Hanesbrands shareholders will receive roughly $6 per share.
Gildan and HanesBrands Agree to Combine To Create a Global Basic Apparel Leader
Gildan Activewear Inc. and HanesBrands Inc. announced a definitive merger agreement where Gildan will acquire HanesBrands for an equity value of approximately $2.2 billion and an enterprise value of $4.4 billion. This combination is expected to create a global basic apparel leader, doubling Gildan's revenues and generating at least $200 million in annual run-rate cost synergies within three years. The acquisition is projected to be immediately accretive to Gildan's adjusted diluted EPS.
HanesBrands Inc. Announces Better-Than-Expected Second-Quarter 2025 Results and Raises Full-Year Outlook
HanesBrands Inc. (NYSE: HBI) announced stronger-than-expected results for the second quarter of 2025, with increased net sales, gross margin, operating profit, and EPS, driven by its growth strategy and transformation initiatives. The company also raised its full-year 2025 outlook for net sales, operating profit, and EPS, despite anticipated impacts from U.S. tariffs. These positive results reflect consistent performance and confidence in future shareholder returns through sales growth, margin expansion, and debt reduction.
HanesBrands and Gildan agree to combine to create a global basic apparel leader
Jones Day is advising Hanesbrands Inc. in its $2.2 billion acquisition by Gildan Activewear Inc. Under the merger agreement, HanesBrands shareholders will receive 0.102 common shares of Gildan and $0.80 in cash per share. The transaction, recommended by HanesBrands' Board, is subject to shareholder and regulatory approvals.
Hanes Leaps Into Athleisure Category with Hanes Moves
Hanes, America’s No. 1 brand of basic apparel, is launching "Hanes Moves," its first-ever cross-category athleisure collection. This new line, designed for men, women, and children, focuses on versatility, performance features like moisture-wicking and anti-chafe technology, and comfort for all-day wear. The collection aims to redefine modern basics by integrating innovative design with Hanes' trusted comfort and value.
Hanesbrands, Inc. Reaches Proposed Settlement in May 2024 Data Breach Case
Hanesbrands Inc. (HBI) has reached a proposed settlement in the Toussaint class-action lawsuit following a May 2022 ransomware attack that compromised personal information. The settlement offers impacted individuals reimbursement for out-of-pocket losses, credit/identity monitoring, Hanes site credit, or an alternative cash payment, with HBI also agreeing to enhance data security and pay legal fees. Class Members must file a claim by January 3, 2025, to receive benefits.
HanesBrands Celebrates 15 Years of Hanes for Good, Donating Over 6 Million Essential Apparel Items to Support the Unhoused Community Nationwide
HanesBrands is celebrating the 15th anniversary of its Hanes for Good program, which has donated over 6 million essential apparel items, including 4 million pairs of socks, to support the unhoused community nationwide. This initiative, a key part of HanesBrands' sustainability commitment, aims to positively impact 10 million lives by 2030. The program provides comfort and dignity through product donations and has grown to partner with 485 organizations across the U.S.
Is It Time To Consider Buying Hanesbrands Inc. (NYSE:HBI)?
Hanesbrands Inc. (NYSE:HBI) has seen a recent price hike, bringing its stock closer to its yearly peak. While Simply Wall St's valuation model suggests the stock is fairly priced, it's expected to deliver negative revenue growth in the coming years, indicating high future uncertainty. Investors are advised to consider de-risking their portfolios due to this outlook.
HanesBrands Inc. to close High Point Distribution Center, cut up to 75 jobs
HanesBrands Inc. announced it will close its High Point Distribution Center, resulting in the layoff of up to 75 employees. The closure is a direct consequence of the recent sale of its global Champion apparel line, as the distribution center primarily focused on that business. This follows an earlier announcement in February regarding over 150 layoffs at its Winston-Salem distribution center, though HanesBrands recently reported a third-quarter profit of $30 million.
Hanesbrands Inc. laying off 75 people after High Point facility closure
Hanesbrands Inc. is laying off 75 employees following the planned closure of its facility on Eagle Hill Drive in High Point. The layoffs are detailed in a state Worker Adjustment and Retraining Notification (WARN) notice and will become effective on January 31, 2025. WXII has reached out to the company for more details regarding the closure.
75 workers to be laid off from Hanesbrands Inc. in High Point
Hanesbrands Inc. is permanently closing its High Point Distribution Center on January 31, impacting 75 jobs. This closure is a direct result of Hanesbrands' recent sale of the Champion brand to Authentic Brands Group, as the High Point facility focused on Champion brand distribution.
HanesBrands Announces Global Headquarters Relocation to Downtown Winston-Salem
HanesBrands Inc. (NYSE: HBI) announced its global headquarters will relocate to The Park Building at 101 N. Cherry St. in downtown Winston-Salem in early 2025. This move aims to strengthen the company’s operating model and promote collaboration among associates. The company will sell its current Oak Summit location and expects the new downtown location to foster strategic growth initiatives.
Hanesbrands & Wipro: Advancing Digital Transformation Services
Wipro Limited has expanded its partnership with Hanesbrands Inc. to further drive Hanesbrands' digital transformation, business growth, and long-term profitability. This extended collaboration leverages Wipro’s expertise in application management, cybersecurity, intelligent automation, and AI, focusing on cloud roadmap definition, integration of business functions, and accelerating product lifecycle processes. The goal is to enhance Hanesbrands' digital and data-driven capabilities to better serve customers globally.
HanesBrands Announces Substantial Progress Toward Reaching Sustainability Goals Around People, Planet and Product
HanesBrands Inc. announced significant progress toward its 2025/2030 sustainability goals in its 2023 Sustainability Summary Report, encompassing People, Planet, and Product pillars. The company has reduced greenhouse gas emissions by 53% since 2019 and aims for zero waste by 2025 and 100% renewable electricity by 2030. HanesBrands has also recognized substantial savings from its sustainability investments and advanced efforts to improve lives globally.
Howard Upchurch
Howard Upchurch serves as the Treasurer of the UNCSA Foundation Board of Directors. He recently retired from Hanes Brands after 34 years, where he was Group President of Innerwear for North and South America, overseeing a $3 billion business segment. Upchurch holds a B.A. in Economics and an M.B.A. from Wake Forest University.
Hanesbrands in textile waste initiative in Dominican Republic
Hanesbrands is partnering with the Slow Fashion Foundation and other entities to launch the Textile Recovery Project in the Dominican Republic. This initiative aims to promote social and economic development in vulnerable communities and protect resources through responsible textile waste management, aligning with Hanesbrands' sustainability goals. The project's first initiative, "Hilos de Quisqueya," features a collection of garments inspired by local threatened species, with one made from fabric trimmings from a Hanesbrands plant.
HanesBrands and the University of Michigan Announce Extension of Long-Term Apparel Partnership
HanesBrands (HBI) and the University of Michigan have extended their apparel partnership, granting HBI exclusive rights to design, manufacture, and distribute Wolverine fanwear in the mass retail channel. HBI, the world’s largest supplier of collegiate fan apparel, will continue as a preferred supplier with the M Den, and its Champion brand will engage with student-athletes through NIL agreements. This extension follows a detailed analysis of Michigan's trademark licensing program and a competitive proposal process.
HanesBrands Names Vanessa LeFebvre President of Global Activewear
HanesBrands (NYSE: HBI) announced the appointment of Vanessa LeFebvre as president of global activewear. In this role, LeFebvre will lead growth for the global Champion brand, focusing on innovation, key markets, and new channels. LeFebvre brings extensive experience from Adidas and other retail leadership positions to HanesBrands.
HanesBrands Reflects on First Year’s Progress Toward 2030 Sustainability Goals
HanesBrands is updating its website dedicated to its 2030 Global Sustainability Goals, reflecting on progress, challenges, and lessons learned in the first year. The company's goals focus on People, Planet, and Product, including reducing emissions, water and energy use, eliminating single-use plastics, and positively impacting 10 million people. HanesBrands attributes its quick progress, especially in submitting Science-Based Targets, to its owned supply chain and highlights initiatives like the Hanes Community Schools project.
Hanes named one of world’s most ethical companies
HanesBrands Inc. has been recognized as one of the 2022 World’s Most Ethical Companies by Ethisphere for the second consecutive year. The recognition highlights HanesBrands' commitment to positive leadership, ethical business practices, and its aggressive 2030 global sustainability goals. The company's CEO, Steve Bratspies, attributed this achievement to the dedication of its 59,000 associates.
HanesBrands Global Activewear president resigns to become CEO of British shoe company
Jonathan Ram, president of HanesBrands Global Activewear, has resigned from his position after more than three years with the company. He is leaving to become the CEO of Clarks, a British shoe company, a move he described as being closer to his family.
Morgan Lewis Advises Dimanche on HanesBrands Retail Acquisition – News
Morgan Lewis advised Dimanche LLC, an affiliate of Regent LP, on its acquisition of the European innerwear business of HanesBrands Inc. (NYSE:HBI), which includes the French brand Dim. This transaction builds on their previous collaboration in 2021 when Morgan Lewis advised Regent on the acquisition of Club Monaco from Ralph Lauren. The legal team for Dimanche included partners Tom Cartwright and Michael Masling, and associate Jack Shawdon.
Wake Forest Teams with Winston-Salem Headquartered & Globally Renowned Hanesbrands Inc. as Primary Licensed Apparel Partner
Wake Forest University Athletics has partnered with Winston-Salem-based HanesBrands Inc. (HBI) to be the university's primary retail apparel licensee. This long-term agreement aims to expand the Demon Deacons' brand reach and provide high-quality, responsibly sourced merchandise under labels like Hanes, Champion, and Alternative Apparel. HBI will also offer development opportunities for Wake Forest students and faculty, while Wake Forest continues its partnership with Nike for athletic team uniforms.
HanesBrands Announces Strategic Long-Term Licensing Agreement with the University of Texas at Austin
HanesBrands, the world’s largest supplier of collegiate fan apparel, has announced a 10-year strategic licensing agreement with The University of Texas at Austin to be one of its primary apparel partners. This deal will lead to a consumer-driven collection of fan apparel, "A Selection As Big As Texas," and includes an experiential Champion shop at The Co-op in Austin. The partnership expands the assortment and distribution of Texas merchandise in local, national, and campus retail channels, complementing the university's licensed merchandise strategy.
HanesBrands Announces New Head of U.S. Champion Brand
HanesBrands has promoted Maria Teza to Senior Vice President of the Champion brand in the United States, effective September 1, 2021. Teza, with over 30 years in the apparel industry and nearly 20 at HanesBrands, will be instrumental in growing Champion into a global $3 billion brand. Her role will focus on deepening consumer connections, developing compelling products, and expanding sales channels.
HanesBrands names new talent and diversity leader
HanesBrands Inc. of Winston-Salem has appointed LaTonya Groom as its new vice president, talent and diversity. She will lead the company's efforts in these crucial areas. The announcement was made by Andy Warfield of the Triad Business Journal.
