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An update from Hanesbrands ( (HBI) ) is now available.
Hanesbrands Inc. has completed the sale of its global Champion business’s intellectual property and certain assets to Authentic Brands Group, a move celebrated as a strategic step towards strengthening and simplifying the company’s operations. The transaction, which excludes the Champion business in Japan, is expected to enable Hanesbrands to pay down approximately $1 billion of debt and positions the company for potential topline growth, margin expansion, and double-digit earnings per share growth. The transition includes a service period where Hanesbrands will continue operating certain aspects of the business until January 2025.
See more data about HBI stock on TipRanks’ Stock Analysis page.