HanesBrands to Make New Acquisitions a Priority Following Maidenform Purchase
Apparel basics manufacturer HanesBrands, Winston-Salem, N.C., is in the market for new companies to acquire in order to sustain its growth.
"It is time to turn our attention to the next priority: acquisitions," Richard Noll, CEO of HanesBrands, said on an investors' call on Thursday.
The company best known for its line of T-shirts saw net sales for the year increase two percent to $4.63 billion in 2013, with a 12 percent increase in the fourth quarter attributed in part to HanesBrands' acquisition of Maidenform, which was completed in October for $583 million. The bra manufacturer's sales in 2013 were approximately $500 million, roughly 15 percent lower than its purchase price.
Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.
Gildan to Replace Five Directors Ahead of Annual Meeting
The Tortured Distributors Department: How Taylor Swift Is Using Merchandise for Her New Album
2024 Style Guide: Keep End-Users on Trend With These Apparel Products
How the Indiana Fever Immediately Capitalized on the 'Caitlin Clark Effect' With Merchandise
LAT Apparel Welcomes Rachel Newman as Chief Commercial Officer
Browning West Asks Court to Prevent Gildan Sale
