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HanesBrands Completes Sale of Global Champion Business to Authentic Brands Group

Sep 30, 2024over 1 year ago

Contract Type

partnership

Winston-SalemE CommerceFashionRetailRetail Technology

Description

HanesBrands Inc. has completed the sale of the intellectual property and certain operating assets of its global Champion business to Authentic Brands Group. This transaction marks a major milestone in the company's journey to strengthen and simplify its business for the future.

Company Information

Company

HanesBrands

Location

Winston-Salem, North Carolina, United States

About

HanesBrands (NYSE: HBI) makes everyday apparel that is known and loved by consumers around the world for comfort, quality and value. Among the company’s iconic brands are Hanes, the leading basic apparel brand in the United States; Champion, an innovator at the intersection of lifestyle and athletic apparel; and Bonds, which is setting new standards for design and sustainability. HBI employs 61,000 associates in 47 countries and has built a strong reputation for workplace quality and ethical business practices. The company, a longtime leader in sustainability, has set aggressive 2030 goals to improve the lives of people, protect the planet and produce sustainable products. HBI is building on its unmatched strengths to unlock its #FullPotential and deliver long-term growth that benefits all of its stakeholders.

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