Gildan plans to acquire Hanesbrands for $2.2 billion

Gildan Activewear has finalized an agreement to acquire U.S. Hanesbrands for $2.2 billion in a combination of cash and stock. Gildan's portfolio includes well-known brands such as Anvil, Gildan, and Gold Toe, while Hanesbrands features popular names like Hanes, Bonds, Maidenform, and Playtex. Additionally, Gildan maintains a robust presence in the wholesale market across the United States, Canada, Latin America, Asia-Pacific, and Europe.