https://mariannecaroline.com/tags/apparel-industry/Recent content in Apparel Industry on Marianne CarolineHugoen-usTue, 27 Oct 2026 03:05:06 +0000https://mariannecaroline.com/articles/gildan-completes-sale-of-hanesbrands-australia-to-bb-retail/Tue, 27 Oct 2026 03:05:06 +0000https://mariannecaroline.com/articles/gildan-completes-sale-of-hanesbrands-australia-to-bb-retail/<h2 id="gildan-finalises-divestiture-of-hanesbrands-australia">Gildan finalises divestiture of HanesBrands Australia</h2> <p>Canadian apparel manufacturer Gildan Activewear Inc. has completed the sale of its Australian subsidiary, HanesBrands Australia (HAA), to Singapore-based BBFIT Investments Pte Ltd. The buyer is an associated entity of Australian private investment firm BB Retail Capital. The all-cash transaction closed at approximately A$700 million (US$492 million), with about US$490 million paid at closing. HAA had been classified as held for sale and reported as discontinued operations in Gildan’s financial statements since the fourth quarter of 2025.</p>