Latest news with #innerwear
Reuters
7 days ago
- Business
- Reuters
Canada's Gildan nears deal to buy Hanesbrands at about $5 billion valuation, source says
Aug 12 (Reuters) - Canada's Gildan Activewear ( opens new tab is nearing a deal to buy Hanesbrands (HBI.N), opens new tab, potentially valuing the U.S. innerwear-maker at about $5 billion, including debt, according to a person familiar with the matter. The talks are at an advanced stage and a deal could be agreed to by the end of the week, the person said on Tuesday, on condition of anonymity, adding that an acquisition may still not be finalized. Shares of Hanesbrands, which was valued at $1.71 billion as of Monday's close, were up nearly 28% in late afternoon trading. Toronto-listed Gildan's shares fell 3.7%. The Canadian clothing company, which mostly makes basic apparel used for customizing and personalizing, had a market capitalization of about C$10 billion ($7.62 billion). Hanesbrands and Gildan did not immediately respond to requests for comment. The maker of Hanes and Bonds innerwear has been reeling under the impact of tariffs, which have impacted 75% of its sales and have triggered a more than 40% drop in shares so far this year. Still, Hanesbrands last week beat market estimates for profit and revenue in the second quarter and raised its annual forecast, citing higher cost savings. Hanesbrands sold its sportswear brand Champion to Authentic Brands Group in a $1.2 billion deal last year, as the company looked to streamline its business and focus on its innerwear segment. Last year, Gildan's entire board resigned and CEO Vince Tyra stepped down as president and CEO after a prolonged proxy battle. The deal was first reported by the Financial Times earlier on Tuesday. ($1 = 1.3772 Canadian dollars)
Reuters
12-08-2025
- Business
- Reuters
Canada's Gildan nears deal to buy Hanesbrands at about $5 billion valuation, FT reports
Aug 12 (Reuters) - Canada's Gildan Activewear ( opens new tab is nearing a deal to buy Hanesbrands (HBI.N), opens new tab, potentially valuing the U.S. innerwear-maker at about $5 billion, including debt, the Financial Times reported on Tuesday, citing people familiar with the matter. The talks are at an advanced stage and a deal could be agreed by the end of the week, the FT reported, but cautioned that an acquisition may not be finalized. Shares of Hanesbrands, which was valued at $1.71 billion as of Monday's close, jumped nearly 30% to $6.23 in premarket trading. The Canadian clothing company, which mostly makes basic apparel used for customizing and personalizing, had a market capitalization of about C$10 billion ($7.62 billion). Hanesbrands and Gildan did not immediately respond to requests for comment. The maker of Hanes and Bonds innerwear has been reeling under the impact of tariffs, which have impacted 75% of its sales and have triggered a more than 40% drop in shares so far this year. Still, Hanesbrands last week beat market estimates for profit and revenue in the second quarter and raised its annual forecast, citing higher cost savings. Hanesbrands sold its sportswear brand Champion to Authentic Brands Group in a $1.2 billion deal last year, as the company looked to streamline its business and focus on its innerwear segment. Last year, Glildan's entire board resigned and CEO Vince Tyra stepped down as president and CEO after a prolonged proxy battle. ($1 = 1.3772 Canadian dollars)
Yahoo
12-08-2025
- Business
- Yahoo
Canada's Gildan nears deal to acquire Hanesbrands for about $5 billion, FT reports
(Reuters) -Canada's Gildan Activewear is nearing a deal to acquire Hanesbrands, which could value the U.S. innerwear-maker at about $5 billion including debt, the Financial Times reported on Tuesday, citing people familiar with the matter. The talks are at an advanced stage and a deal could be agreed by the end of the week, the report said. Gildan Activewear and Hanesbrands did not immediately respond to Reuters' requests for comment. Hanesbrands had a market value of $1.71 billion at Monday's close. Reuters could not immediately verify the FT report. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
07-08-2025
- Business
- Reuters
India's Page Industries posts Q1 profit beat on lower costs, steady demand
Aug 7 (Reuters) - Page Industries ( opens new tab, which licenses Jockey and Speedo products in India, beat first quarter profit estimates on Thursday on lower costs and a steady demand for innerwear. The company's consolidated net profit after tax rose 21.5% to 2.01 billion Indian rupees ($22.92 million), coming in above analysts' average estimate of 1.97 billion rupees, according to data compiled by LSEG. Page flagged a "steady recovery month on month" in demand, in an environment where urban consumption still remains muted, impacted by the high cost of living in big cities. "With our product pricing remaining unchanged, our focus and efforts have been to maintain operating margins," Page said, attributing lower costs to better raw material sourcing, sharp digital marketing and other cost optimization strategies. While Page Industries' revenue rose 3.1%, driven by a nearly 2% volume growth, its expenses declined almost 1%. The decline was led by a 78% drop in inventory costs, yielding an EBITDA growth of 21.1%. Page Industries has also been offering premium varieties in innerwear for both men and women as well as expanding its footprint in tier 2 and tier 3 cities in India, which has aided sales growth. The company's revenue from operations rose to 13.17 billion rupees in the first quarter. ($1 = 87.7000 Indian rupees)
Fast Company
21-07-2025
- Entertainment
- Fast Company
The Y2K fashion revival tells a story that brands need to hear
It's no secret that we see fashion trends come full circle. But sometimes a trend resurfaces not because of how it makes people look, but because of how it makes them feel. The revival of Y2K fashion, which had redefined what clothing was meant to be seen versus hidden, is one case where the message is driving the trend. THE RETURN TO UNAPOLOGETIC SELF-EXPRESSION In the Y2K era—the late '90s and early 2000s—people dressed in ways that highlighted their individuality, and what we now call 'innerwear' was often what anchored their looks. Items like tank tops and bralettes became the foundation of an outfit, and boxer waistbands were confidently displayed. The style's characteristic innovation is what gives it intergenerational appeal and staying power. Today, consumers are revamping this aesthetic by styling those familiar pieces in ways that speak to a modern-day lifestyle. A Y2K-inspired work outfit could be a ribbed tank paired with tailored pants, while an event look might combine a bralette and an open blazer. This fashion moment isn't just about replicating a cultural phenomenon. It demonstrates a craving for self-expression that's original, bold and genuinely effortless. With classic pieces of innerwear as their foundation, people are discovering their unique style, whether that means embracing the past, staying grounded in the present, or experimenting with what is still to come. And that's a lesson clothing brands should take to heart. As a designer, it's essential to identify emerging trends that align with the cultural values and identity of the brand you are designing for. Strategizing based on consumer insights and data helps you determine the right timing for introducing new items or collections that harmonize with your existing offerings. You can also refresh your core offerings with updated fabrics, colors, patterns, or silhouettes. By understanding the context behind a trend, you can forge authentic connections through thoughtful styling and targeted marketing. Whether you're trying to attract new consumers or re-engage with existing ones, the key will be establishing a reputation as the go-to source for in-demand products. HOW HANES HAS EMBRACED THE Y2K REVIVAL At Hanes, our design philosophy has always been about the connection between everyday essentials and personal expression. Our pieces were never meant to be purely functional. They're crafted with personality, comfort, quality, and fit in mind—things that never go out of style. So the reemergence of Y2K fashion gave us an opportunity to think about our basics in a new way. How can a simple cotton tee make a statement? How can a boxer brief send a message? We weren't looking to take a trip down memory lane for nostalgia's sake. We wanted to lean into this cultural moment and tap into a style mindset that still connects with today's consumer. That's how we came up with our recent Urban Outfitters collaboration. The capsule collection features new takes on early 2000s staples like ribbed tanks, cropped crews, haltertops, bodysuits, and boxer briefs. But we also stayed true to our core value of creating trustworthy clothing that's uncomplicated, expressive, and, most importantly, comfortable for every body. Fashion constantly evolves, yet it's often the simplest pieces that leave the deepest, most lasting mark. Y2K fashion's revival is more than a nod to the past. It's a cultural shift toward embracing style as a way of expressing confidence, individuality, and comfort. The reemergence highlights how foundational fashion pieces have lasting power as tools for personal storytelling. For designers and brands, success lies beyond identifying what's trending. It requires knowing why it matters, when to act, and how to deliver with authenticity and brand positioning. By staying agile, listening to consumers, and taking calculated, creative risks, brands can stay relevant and inspire genuine connection.
