{"id":264612,"date":"2025-08-18T09:04:22","date_gmt":"2025-08-18T16:04:22","guid":{"rendered":"https:\/\/worldimagingnews.com\/?p=264612"},"modified":"2025-08-18T12:34:32","modified_gmt":"2025-08-18T19:34:32","slug":"gildan-and-hanesbrands-agree-to-combine-to-create-a-global-basic-apparel-leader","status":"publish","type":"post","link":"https:\/\/worldimagingnews.com\/fr\/gildan-and-hanesbrands-agree-to-combine-to-create-a-global-basic-apparel-leader\/","title":{"rendered":"Gildan and HanesBrands Agree to Combine To Create a Global Basic Apparel Leader"},"content":{"rendered":"<div class=\"singlenews__title-container singlenews__title-container--only z-index-10 animInRight animated\" data-animation-group-id=\"intro\">\n<div class=\"singlenews__title\">\n<ul>\n<li class=\"ai-optimize-6 ai-optimize-introduction\"><em><strong><span style=\"font-size: 14px; font-family: 'PT Serif', serif;\">Combination will create a global basic apparel leader, with access to iconic innerwear brands and a further strengthened low-cost vertically integrated manufacturing network<\/span><\/strong><\/em><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div class=\"singlenews__content\">\n<div class=\"singlenews__text-container\">\n<div class=\"singlenews__text\">\n<ul>\n<li class=\"ai-optimize-9 ai-optimize-introduction\"><em><strong>Highly complementary acquisition expands Gildan\u2019s scale, increasing the strength of our business in basic apparel<\/strong><\/em><\/li>\n<li class=\"ai-optimize-10\"><em><strong>Proven operational model expected to enable the realization of at least $200 million of annual run-rate cost synergies within three years of closing: ~$50 million in 2026, ~$100 million in 2027, ~$50 million in 2028<\/strong><\/em><\/li>\n<li class=\"ai-optimize-11\"><em><strong>Expected to be immediately accretive to Gildan\u2019s adjusted diluted EPS<sup>1<\/sup>; 20%+ accretive to adjusted diluted EPS<sup>1<\/sup>\u00a0pro forma for expected run-rate cost synergies of $200 million<\/strong><\/em><\/li>\n<li class=\"ai-optimize-12\"><em><strong>Adjusted diluted EPS<sup>1<\/sup>\u00a0CAGR over the next three years is expected to be in the low 20% range<\/strong><\/em><\/li>\n<li class=\"ai-optimize-13\"><em><strong>HanesBrands shareholders to own ~19.9% of Gildan shares on a non-diluted basis upon closing<\/strong><\/em><\/li>\n<\/ul>\n<p class=\"ai-optimize-14\"><strong>MONTREAL | Canada and Winston-SalemWINSTON-SALEM | North Carolina &#8211; August 2025<\/strong>\u00a0&#8211; Gildan Activewear Inc. (\u201cGildan\u201d) (TSX: GIL and NYSE: GIL) and HanesBrands Inc. (\u201cHanesBrands\u201d) (NYSE: HBI) today announced that they have entered into a definitive merger agreement under which Gildan will acquire HanesBrands. This transaction implies an equity value of approximately $2.2 billion and an enterprise value<sup>2<\/sup>\u00a0of approximately $4.4 billion for HanesBrands, based on the closing price of Gildan common stock on August 11, 2025.<\/p>\n<p class=\"ai-optimize-15\">\u201cToday is a historic moment in Gildan\u2019s journey as we look to join forces with HanesBrands. We are extremely pleased to welcome the HanesBrands&#8217; team to the Gildan family,\u201d commented <strong>Glenn J. Chamandy<\/strong>, President and Chief Executive Officer of Gildan. \u201cWith this transaction, our revenues will double and we achieve a scale that distinctly sets us apart. The combination with HanesBrands strengthens our positioning with an opportunity to expand the heritage \u201cHanes\u201d brand presence in activewear across channels, while enhancing Gildan\u2019s retail reach for its portfolio of brands. Further, our state of the art low-cost vertically integrated platform will be utilized to enhance efficiencies and drive additional innovation. We are excited for the next stage of growth and remain focused on supporting our customers and continuing to drive long term shareholder value.\u201d<\/p>\n<p class=\"ai-optimize-16\">\u201cThis transaction represents a powerful alignment of HanesBrands\u2019 and Gildan\u2019s shared commitment to quality, innovation, and excellence. We have great respect for Gildan\u2019s manufacturing strength and long track record of success. We look forward to expanding upon HanesBrands\u2019 portfolio of leading innerwear brands and go-to-market expertise and opening new doors for growth and impact as part of Gildan,\u201d said <strong>Steve Bratspies<\/strong>, CEO of HanesBrands. \u201cI want to extend my deepest gratitude to our associates around the world. Your dedication, hard work, and resilience have built HanesBrands into an iconic and trusted name. Today marks the beginning of an exciting journey ahead as part of Gildan and I\u2019m particularly pleased that Gildan intends to maintain HanesBrands\u2019 strong presence in Winston-Salem.\u201d<\/p>\n<p class=\"ai-optimize-17\">\u201cThis transaction represents a pivotal moment in Gildan\u2019s story,\u201d said Michael Kneeland, Chair of the Board of Directors of Gildan. \u201cHanes is a distinguished brand with a proud legacy, and by joining forces with HanesBrands, we are forging an exceptional organization built on the strengths of both companies. Leveraging best practices and the exceptional teams from each side, we are poised to deliver outstanding value to our customers and shareholders. With the finest talent in the industry, we have an extraordinary opportunity ahead to shape the future together.\u201d<\/p>\n<p class=\"ai-optimize-18\">www.gildan.com<\/p>\n<p class=\"ai-optimize-19\">www.hanesbrands.com<\/p>\n<p class=\"ai-optimize-20\"><a href=\"https:\/\/worldimagingnewslatino.com\/es\/gildan-y-hanesbrands-acuerdan-fusionarse-para-crear-un-lider-global-en-prendas-basicas\/\" target=\"_blank\" rel=\"noopener\"><strong>Nouvelles de l'imagerie mondiale Latino<\/strong><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Combination will create a global basic apparel leader, with access to iconic innerwear brands and a further strengthened low-cost vertically integrated manufacturing network Highly complementary acquisition expands Gildan\u2019s scale, increasing&hellip;<\/p>","protected":false},"author":1,"featured_media":264616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_lmt_disableupdate":"no","_lmt_disable":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[1,81],"tags":[1262,1263],"class_list":["post-264612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-companies","tag-gildon","tag-hanes-brands"],"_links":{"self":[{"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/posts\/264612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/comments?post=264612"}],"version-history":[{"count":3,"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/posts\/264612\/revisions"}],"predecessor-version":[{"id":264623,"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/posts\/264612\/revisions\/264623"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/media\/264616"}],"wp:attachment":[{"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/media?parent=264612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/categories?post=264612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/worldimagingnews.com\/fr\/wp-json\/wp\/v2\/tags?post=264612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}