Gildan Acquires Hanes

On the Hanes website: Women’s Natural Lift Underwire Bra $19.99; and Women’s Racerback Sports Bra with Compression, $18.

Gildan Activewear Inc. stated December 1 that it had completed its acquisition of HanesBrands Inc., in a deal that was first announced in August. At that time, reports pegged the sale price at $2.2 billion. Gildan CEO Glenn J. Chamandy declared, “Today marks the beginning of an exciting new chapter. By welcoming HanesBrands into the Gildan family, we are doubling our scale, combining iconic brands with our world-class, low-cost, vertically integrated platform, and unlocking a powerful engine for innovation and growth. Together, our complementary strengths in activewear and innerwear, across channels and geographies, position us to better serve our customers and deliver sustainable, long-term value for our shareholders. Our priority now is to execute a seamless, collaborative integration that enables us to fully capture the value of our expanded platform and deliver at least $200 million in run-rate cost synergies, as announced on August 13, 2025.”