Hanesbrands Initiates Plan to Divest Champion Brand in Multimillion-Dollar Transaction

Wednesday, 5 June 2024, 14:01

Hanesbrands, the apparel giant, has announced plans to sell off its Champion brand in a deal valued at up to $1.5 billion. This strategic move aims to streamline Hanesbrands' portfolio and focus on core businesses. The decision reflects the company's commitment to enhancing shareholder value and ensuring long-term growth.

https://store.livarava.com/bfe42339-236e-11ef-a40d-9d5fa15a64d8.jpg — Hanesbrands Initiates Plan to Divest Champion Brand in Multimillion-Dollar Transaction

Major Apparel Firm Announces Sale of Champion Brand

Hanesbrands, a leading player in the apparel industry, has revealed its intention to divest the iconic Champion brand in an agreement potentially worth up to $1.5 billion. The strategic decision underscores the company's focus on core operations and optimization of its business structure.

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