Gildan Announces Agreement to Acquire Gold Toe Moretz for Approximately $350 Million
Acquisition includes Gold Toe sock brand and exclusive U.S. sock licenses for Under Armour and New Balance brands.
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"The acquisition of Gold Toe Moretz represents an important and exciting step in Gildan's ongoing strategic development," said Glenn J. Chamandy, president and chief executive officer of Gildan Activewear. "In addition to the introduction of leading consumer brands, the acquisition provides Gildan with enhanced brand management experience and expertise, best-in-class merchandising and strong technical innovation and design capabilities to complement Gildan's existing competitive strengths for retail. These capabilities can also be utilized to further the development of our own Gildan brand."
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