HBI Stock Recent News

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The latest trading day saw HanesBrands (HBI) settling at $4.99, representing a +1.01% change from its previous close.

Hanesbrands (HBI) focuses on accelerating growth. The company has inked a deal to offload the global Champion business to Authentic Brands Group.

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Shares of HanesBrands (HBI) gained in intraday trading Wednesday after the clothing maker announced it was selling its Champion sports apparel label to Authentic Brands Group for at least $1.2 billion.

Hanesbrands (NYSE: HBI ) stock is getting a boost on Wednesday after the innerwear apparel company announced it will sell the Champion brand. Hanesbrands has agreed to sell the Champion brand to Authentic Brands Group for $1.2 billion.

Hanesbrands said Wednesday it signed a deal to sell its Champion brand to Authentic Brands Group. The deal could reach up to $1.5 billion through an additional cash contingent consideration of up to $300 million if performance thresholds are met.

HanesBrands said on Wednesday it would sell its sportswear business Champion to Authentic Brands Group in a deal valued at $1.2 billion.

Shares of Hanesbrands Inc. HBI, -2.13% jumped 6.9% toward a two-month high in premarket trading Wednesday, after the underwear and t-shirts seller announced an agreement to sell its Champion athletic-apparel business for a deal that could be valued at up to $1.5 billion to Authentic Brands Group. The deal, which is expected to close in the second half of 2024, includes the potential for $300 million in cash if certain performance thresholds are achieved.

WINSTON-SALEM, N.C.--(BUSINESS WIRE)--HanesBrands (NYSE: HBI), a global leader in iconic apparel brands, today announced that it has entered into a definitive agreement to sell the intellectual property and certain operating assets of the Company's global Champion business to Authentic Brands Group (“Authentic”) for a transaction value of $1.2 billion, with the potential to reach up to $1.5 billion through an additional contingent cash consideration of up to $300 million based on achievement of.