Athletic and Sportswear

Gildan’s Sales & Earnings Decline in Q1 as Proxy Fight Continues
May 3, 2024 at 10:49 am

As a battle with activist investors and co-founder/former CEO Glenn Chamandy continues, Top 40 supplier Gildan (asi/56842) reported Wednesday, May 1, that its sales dropped 1% and its net earnings were down about 20% year over year in the first quarter of 2024. The financial report comes as the publicly traded apparel manufacturer is reportedly…

Hanes Reaches Tentative Sale Agreement for Champion Brand
April 3, 2024 at 9:30 am

After indicating at the end of 2023 that it would sell its Champion brand, Hanes seems to have a tentative buyer. Authentic Brands Group has reached an agreement to take Champion off of Hanes' hands by the end of May or beginning of June, a source close to the deal told WWD. While the agreement…

Hanesbrands Sets Champion Bidding at $1.4B
February 26, 2024 at 11:32 am

After Hanes indicated at the end of last year that it would sell its Champion brand, word on the street is that it set the bidding at $1.4 billion.