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Gildan Activewear news and archive

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Gildan Activewear to merge with HanesBrands for enterprise value of around 4.4 billion dollars

Gildan Activewear, Inc. (GIL, GIL.TO) and HanesBrands, Inc. (HBI) announced Wednesday that they have entered into a definitive merger agreement under which Gildan will acquire HanesBrands. This transaction implies an equity value of approximately 2.2 billion dollars and an enterprise value of approximately 4.4 billion for HanesBrands, based on...

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Business

Gildan lowers 2024 revenue target but ups adjusted earnings outlook

Gildan Activewear reported net sales of 891 million dollars, up 2.4 percent over the prior year, at the high end of previously provided guidance of flat to low single-digit growth. The company’s activewear sales of 788 million dollars, were up 6 percent reflecting positive POS in the category across channels in North America. The company has...

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