Gildan completes sale of HanesBrands Australia
Gildan intends to use the net proceeds from the transaction to repay outstanding debt.
Gildan Activewear has completed the previously announced sale of HanesBrands Australia (HAA) to BBFIT Investments Pte Ltd, an associated entity of BB Retail Capital, a global private investment firm, for approximately $700 million Australian dollars (approximately $490 million U.S. dollars), paid in cash at closing.
HAA has been classified as held for sale and reported as discontinued operations in Gildan’s financial statements since the fourth quarter of 2025. Gildan intends to use the net proceeds from the transaction to repay outstanding debt.
“The completion of this transaction represents another important step in the execution of our ongoing integration plan,” said Glenn J. Chamandy, Gildan’s president and CEO. “We remain focused on executing our integration priorities, capturing synergies and leveraging the strength of our brands. We thank the HAA team for its dedication and valuable contributions to the business and wish the entire team continued success under its new ownership.”
More from Gildan:
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- Gildan completes HanesBrands acquisition
