HanesBrands has "Substantially Completed" Discontinuation of its Outer Banks and Private-label Operations
Yesterday's announcement continues a course of action the company first announced in May of this year. On May 30 the company sold its European imagewear division for 15 million euros, and said it planned on discontinuing production of its private-label lines, including supplier Outer Banks. HanesBrands will continue to support the promotional products industry through its branded printwear division, which includes the Hanes and Champion lines.
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%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