Hanesbrands

Authentic Brands Group Agrees to Buy Champion From Hanesbrands

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Authentic Brands Group Agrees to Buy Champion From Hanesbrands

After a bidding process that went on for weeks, Authentic Brands Group came out the winner after agreeing to buy the athletic apparel label Champion from Hanesbrands Inc. for a little more than $1 billion. “Champion agreed to be acquired by ABG last Friday or Monday,” said a source knowledgeable about the negotiations. “They should … Read more

HanesBrands Said to Set Target at $1.4 Billion

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Authentic Brands Group Agrees to Buy Champion From Hanesbrands

The bids are in and the Champion sale process is closer to finding its winner.  Hanesbrands Inc. hired Goldman Sachs & Co. and Evercore last year to explore “strategic options” for the active brand, leading to an auction that set the deadline on first-round bids for Wednesday, WWD previously reported.  A source close to the … Read more