Hanesbrands is shopping Champion — and WHP Global, Authentic Brands Group are both interested in buying
Publishing timestamp: 2023-11-01 07:00:01
Summary
Hanesbrands is considering selling its Champion line, and brand management firms WHP Global and Authentic Brands Group are interested in buying it. Champion has seen a decline in sales, and Hanesbrands has received interest from various potential buyers. The deal is not expected to be completed until 2024. WHP Global is also interested in buying Sperry from Wolverine Worldwide. Both WHP and Authentic Brands have a track record of turning around struggling brands.
Sentiment: NEUTRAL
Keywords: walmart inc, business, hanesbrands inc, wolverine world wide inc, business news, retail industry, breaking news: business,
Source: https://www.cnbc.com/2023/11/01/hanesbrands-receives-broad-interest-for-champion-sale.html