Gildan Completes Sale of HanesBrands Australia
Gildan completed the previously announced sale of HanesBrands Australia to BBFIT Investments Pte Ltd, an associated entity of BB Retail Capital, for approximately A$700 million (about US$490 million) in cash at closing. HAA has been classified as held for sale and reported as discontinued operations since Q4 2025, so the close was largely anticipated.
Key figures
- Deal Value Usd
- 490000000
- Deal value aud
- approximately $700 million Australian dollars
AI analysis
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