HanesBrands To Evaluate Strategic Options For Global Champion Business
(RTTNews) - HanesBrands, Inc. (HBI) announced Tuesday that its Board of Directors and executive leadership team, with the assistance of financial and legal advisors, are undertaking an evaluation of strategic options for the global Champion business.
As part of this process, the Board will consider a broad range of alternatives to maximize shareholder value, including, among others, a potential sale or other strategic transaction, as well as continuing to operate the business as part of HanesBrands.
The company said there can be no assurance that its assessment process for the global Champion business will result in HanesBrands pursuing any particular transaction or other strategic outcome regarding Champion.
read more
HanesBrands Slashes FY23 Outlook - Update
While reporting financial results for the second quarter on Thursday, basic apparel maker HanesBrands, Inc. (HBI) provided earnings and net sales guidance for the third quarter, and lowered its earnings and sales forecast for the full-year 2023.
RTTNews
|
1131 days ago
HanesBrands Inks Multi Year Apparel Agreement With UCLA
HanesBrands (HBI), the world's largest supplier of collegiate fan apparel, and the University of California, Los Angeles or UCLA, announced Tuesday a multi-year apparel agreement that gives HBI exclusive rights to design, manufacture and distribute high-quality, on-trend Bruins fanwear in the mass retail channel.
RTTNews
|
1287 days ago
Swiss Market Ends On Firm Note
The Switzerland market ended on a strong note on Monday after holding firm right through the day's session thanks to sustained buying at several counters.
Despite lingering concerns about geopolitical tensions and elevated oil prices, the mood in the Swiss market remained quite positive.
RTTNews
|
11 minutes ago
European Stocks Close Weak; UK Market Bucks Trend
European stocks closed weak on Monday amid concerns about rising oil prices and geopolitical tensions.
A sell-off in the tech sector following warnings of a potentially large-scale AI-driven cyberattacks hurt the markets.
RTTNews
|
26 minutes ago
Canadian Market Edges Higher On Energy Boost
Canadian market's benchmark S&P/TSX Composite Index was modestly higher a little before noon on Monday with investors digesting the nation's inflation data and assessing the potential economic impact of elevated oil prices.
RTTNews
|
2h 42min ago
Bay Street Likely To Open Weak; Inflation Data In Focus
Canadian stocks look headed for a weak start on Monday as selling is likely in the materials and technology sectors due to weak precious metals prices and warning of potentially large-scale AI-driven cyberattacks, respectively.
Energy stocks may find support as oil prices are up sharply on supply concerns.
RTTNews
|
6h 7min ago
Asian Markets Weighed By AI Worries, Crude Oil Price Spike
Renewed worries about the development of Artificial Intelligence and the call by AI leaders to slowdown the pace of AI development dampened sentiment across Asian markets. The spike in crude oil prices as well as worries about inflation also weighed on market sentiment ahead of interest rate decisions by the Federal Reserve and Bank of Japan.
RTTNews
|
6h 40min ago
FTSE Climbs Higher On Pharma, Energy Strength
London's benchmark index advanced 69.78 points to 10,720.22 on Monday, boosted by buying in pharmaceuticals, energy, and heavyweight counters. Sage Group climbed over 6%, while losses in mining and financial sectors limited the market's upside potential.
RTTNews
|
6h 52min ago
