Gildan’s Acquisition of HanesBrands to Unlock More Growth and Efficiencies
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Gildan Activewear has acquired HanesBrands for $2.2 billion, doubling its operational scale and integrating iconic brands. CEO Glenn Chamandy aims to merge operations for $200 million in annual cost synergies. Gildan's Q3 results showed a 2.2% sales increase to $911 million. The company expects mid-single-digit revenue growth in 2025 and a 15-17% earnings increase. The stock has risen 23% in 2025, trading at a P/E of 19, with a 1.6% dividend yield, appealing to long-term investors.
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