The Montreal-based clothing manufacturer is reportedly in advanced negotiations for Hanesbrands, which would give the North Carolina-based undergarment manufacturer a nearly US$5-billion valuation. (Financial Times)
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The Montreal-based clothing manufacturer is reportedly in advanced negotiations for Hanesbrands, which would give the North Carolina-based undergarment manufacturer a nearly US$5-billion valuation. (Financial Times)
Talking point: Hanesbrands is straddled with debt and suffering weak sales as of late, due in part to the Trump administration’s tariffs. Gildan, on the other hand, has been embroiled in a long boardroom battle which saw its board and CEO resign last year, while its stock has increased by more than 15 per cent, above $67 a share, since this time last year. The company saw a 6.5 per cent year-over-year increase in second quarter sales, to a record $919 million. News of a potential deal sent shares in Hanesbrands up 28 per cent in Tuesday trading.
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