Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal
Publishing timestamp: 2024-06-05 09:50:12
Summary
Hanesbrands signed a deal to sell its Champion brand to Authentic Brands Group for up to $1.5 billion, with plans to use the proceeds to accelerate debt reduction and focus on innerwear brands. The deal comes after Hanesbrands announced it was considering selling the business in late September.
Sentiment: POSITIVE
Keywords: retail industry, hanesbrands inc, breaking news: business, business news, business, mergers and acquisitions, skyline champion corp,