Gildan buying several US brands
Gildan buying several US brands
www.ctvnews.ca
Gildan Activewear signs deal to buy HanesBrands for US$2.2B in shares and cash
Gildan Activewear Inc. has signed a deal to buy HanesBrands Inc. for US$2.2 billion in shares and cash.
I think this is good news. Several affordable and easily available brands are now Canadian owned: Wonderbra, Hanes, Maidenform We’ll see if they move some of the manufacturing out of the US. At least money will flow to the Canadian mothership.