The story
Founded by John Wesley Hanes I on Jan 1, 2000.1
The original Hanes outlet store was housed in a room adjacent to their factory. It currently operates and owns around 220 Hanesbrands, Maidenform and Champion retail stores across the US.
On September 6, 2006, the company and several brands were spun off by the Sara Lee Corporation. Its flagship store is located in Winston-Salem, North Carolina and opened in summer 2008.
Its stores range in size from 2,500 to 17,000 square feet Hanesbrands has companies in various parts of Europe, including the United Kingdom, Italy, Germany, France and Spain. Sales revenue for 2010 was $4.33 billion and gross profit was $1.41 billion.
In 2011, WikiLeaks revealed that the corporation had previously lobbied the State Department to prevent the raise of Haiti's minimum-wage to $0.61 an hour from $0.31 an hour.
On July 24, 2013, Hanesbrands agreed to acquire Maidenform for $575 million. On July 15, 2016, Hanes acquired the Australian-based clothing company Pacific Brands
In October 2017, a year before opening the first of the current twenty brick-and-mortar Champion brand retail store in Los Angeles, Hanes announced a $60 million acquisition of Norcross, GA-based Alternative Apparel.
In November 2019, its CFO Barry Hytinen left the firm for a position at the storage and information management services company Iron Mountain. With his departure, chief accounting officer Scott Lewis took over as CFO starting in January 2020.
In April 2021, the company made a statement saying that Michael Dastugue would assume the role of CFO on May 1. According to David Swartz of Morningstar Research Services, Dastugue will be leading Hanesbrands in adapting to a growing customer preference for online shopping.
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In 2024, Hanesbrands announced it would move its headquarters to the Park Building in downtown Winston-Salem. Meanwhile, after being there since 1993, the Oak Summit location would be taken over by Carolina University.
In June of the same year, it announced plans to sell the Champion brand to Authentic Brands Group for $1.2 billion. When reporting the change of headquarters, Hanesbrands stated that the relocation "didn't stem" because of the brand sale.
In August 2025, Hanesbrands and Canadian clothing company Gildan announced a merger agreement in which Gildan would acquire Hanesbrands in a cash and stock deal valued at US$2.2 billion. Expected to close in 2025 and early the following year, its shareholders approved the deal in November.
On December 1, 2025, Gildan completed the acquisition of Hanesbrands.
In July 2026, Gildan entered an agreement to sell its Hanesbrands Australia business to BB FIT Investments for US$490 million.
From Wikipedia’s article on Hanesbrands, shared under CC BY-SA 4.0.7