Hanesbrands Announces Agreement to Sell Champion Brand for $1.5 Billion
Wednesday, 5 June 2024, 11:58
Hanesbrands to Sell Champion Brand
Hanesbrands has announced a deal to sell its Champion brand for up to $1.5 billion. This move is set to have a notable impact on the company's financial standing and overall business strategy.
Strategic Shift in Portfolio
The decision to offload the Champion brand reflects a strategic shift in Hanesbrands' portfolio. This move is expected to reshape the company's future market positioning and growth strategies.
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