HanesBrands has "Substantially Completed" Discontinuation of its Outer Banks and Private-label Operations
As part of its recent third-quarter results press release, HandsBrands Inc. announced that it has "substantially completed" the discontinuation of its private-label and Outer Banks domestic operations. From the press release:
"On May 30, Hanes sold its European imagewear business, and the company has substantially completed the discontinuation of its private-label and Outer Banks domestic imagewear operations serving wholesalers that sell to the screen-print industry. In accordance with GAAP requirements, the company reported results for the second and third quarters on a continuing-operations basis and revised prior-period results to reflect continuing operations. The company's branded printwear operations will continue to operate and serve the branded domestic screen-print market."
- Companies:
- Outer Banks
%0D%0A"On%20May%2030,%20Hanes%20sold%20its%20European%20imagewear%20business,%20and%20the%20company%20has%20substantially%20completed%20the%20discontinuation%20of%20its%20private-label%20and%20Outer%20Banks%20domestic%20imagewear%20operations%20serving%20wholesalers%20that%20sell%20to%20the%20screen-print%20industry.%20In%20accordance%20with%20GAAP%20requirements,%20the%20company%20reported%20results%20for%20the%20second%20and%20third%20quarters%20on%20a%20continuing-operations%20basis%20and%20revised%20prior-period%20results%20to%20reflect%20continuing%20operations.%20The%20company's%20branded%20printwear%20operations%20will%20continue%20to%20operate%20and%20serve%20the%20branded%20domestic%20screen-print%20market."<%2Fem>%0D%0A%0D%0Ahttps%3A%2F%2Fwww.printandpromomarketing.com%2Farticle%2Fhanesbrands-has-substantially-completed-discontinuation-its-outer-banks-private-label-operations%2F" target="_blank" class="email" data-post-id="4902" type="icon_link"> Email Email 0 Comments Comments