Canada’s Gildan Activewear has completed the sale of HanesBrands Australia to BBFIT Investments for approximately Au$700 million ($490 million) in cash.
The company plans to use the net proceeds to repay outstanding debt.
The divestment supports Gildan’s ongoing integration strategy, with a focus on operational priorities, capturing synergies and strengthening its portfolio of brands.Canada’s Gildan Activewear has completed the sale of HanesBrands Australia to BBFIT Investments for approximately Au$700 million ($490 million) in cash.
The company plans to use the net proceeds to repay outstanding debt.
The divestment supports Gildan’s ongoing integration strategy, with a focus on operational priorities, capturing synergies and strengthening its portfolio of brands.
Canada’s Gildan completes $490 mn HanesBrands Australia sale
