Printwear & Promotion The Total Promotional Package
On Monday, October 26, Gildan Activewear completed the sale of HanesBrands Australia to BBFIT Investments for approximately $700 million Australian dollars.
Glenn J. Chamandy, Gildan’s president and CEO, said: “The completion of this transaction represents another important step in the execution of our ongoing integration plan.
“We remain focused on executing our integration priorities, capturing synergies and leveraging the strength of our brands. We thank the HAA team for its dedication and valuable contributions to the business and wish the entire team continued success under its new ownership.”
Gildan plans to use the net proceeds from the sale to repay outstanding debt.
