HBI Hanesbrands Inc

HanesBrands (HBI) was acquired by Gildan Activewear (GIL) on December 1, 2025, leading to the delisting of HBI shares. Former HBI shareholders received 0.102 GIL shares plus $0.80 cash per HBI share, with the effective value now fluctuating with Gildan's stock price. The article details the deal terms, HanesBrands' recent turnaround efforts, and the new strategic outlook for the combined entity under Gildan, emphasizing integration risks and synergy potential.

Brandes Investment Partners LP significantly increased its stake in Hanesbrands Inc. (NYSE:HBI) by 51.2% in Q2, bringing its total holdings to 12,423,152 shares valued at approximately $56.9 million. This move is part of a broader trend where several institutional investors have either increased their positions or acquired new stakes in HBI, resulting in institutions and hedge funds owning about 80.31% of the company's stock. Analysts generally rate Hanesbrands as a "Hold" with an average target price of $6.60, aligning with its current trading price.

Gildan has acquired HanesBrands, strengthening its position in the apparel industry and bringing together two companies with shared commitments to quality, innovation, and ESG practices. The combined entity aims to create lasting value for shareholders, customers, and employees through operational excellence, responsible manufacturing, and continued innovation. This acquisition was finalized on December 1, 2025, and marks a significant consolidation in the basic apparel market.

Hanesbrands Inc. is facing a class action lawsuit alleging it sends misleading "act now" advertising emails that create false urgency. Plaintiff Jessica Jackson claims Hanes' emails, often using phrases like "Don't Wait, FREE Shipping Ends Tmrw!", pressure consumers to make immediate purchases even though offers are frequently extended or repeated. The lawsuit, filed in Washington federal court, accuses Hanes of violating the state’s Commercial Electronic Mail Act (CEMA) and Consumer Protection Act, seeking injunctive relief and damages for Washington consumers who received similar emails.

HanesBrands Inc. (HBI) reported that its third-quarter performance was impacted by an unexpected late-quarter shift in replenishment orders from a major U.S. retail partner. Despite this, CEO Steve Bratspies noted underlying business fundamentals improved, with strong inventory positions and sequential improvements in unit point-of-sale trends. The company also highlighted its successful back-to-school season and continued market share gains for the Hanes brand, alongside progress in cost savings initiatives and the pending acquisition by Gildan, which aims to generate $200 million in cost synergies and expand the Hanes brand in activewear.

Kahn Swick & Foti, LLC (KSF) is investigating the proposed sale of HanesBrands Inc. (HBI) to Gildan Activewear Inc. (GIL). The law firm, led by Former Attorney General Charles C. Foti, Jr., is evaluating whether the terms of the transaction, which involve HBI shareholders receiving 0.102 common shares of Gildan and $0.80 in cash per HanesBrands share, undervalue the company. KSF encourages HanesBrands shareholders who believe the offer is too low or wish to discuss their legal rights to contact the firm.