HanesBrands Announces Sale of Champion Sportswear Business to Authentic Brands for $1.2 Billion
Wednesday, 5 June 2024, 09:40
HanesBrands Sells Champion Sportswear Business
HanesBrands has officially confirmed the sale of its popular Champion sportswear business to Authentic Brands in a lucrative $1.2 billion agreement. This significant move underscores HanesBrands' strategic decision to refocus its operations and optimize its financial performance.
Key Points:
- Sale to Authentic Brands: The transaction entails the transfer of Champion sportswear business to Authentic Brands, indicating a shift in HanesBrands' portfolio.
- Financial Impact: The $1.2 billion deal is set to provide a substantial boost to HanesBrands' financial standing and enhance its competitive positioning.
In conclusion, the sale of the Champion sportswear business marks a pivotal moment for both HanesBrands and Authentic Brands, setting the stage for new opportunities and growth in the sportswear market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.