On December 1, 2025, Gildan announced that it has completed the previously-announced acquisition of HanesBrands Inc.

In August 2025, Gildan dropped the major news that it planned to acquire HanesBrands. The transaction implied an equity value of approximately $2.2 billion and an enterprise value of approximately $4.4 billion for HanesBrands, based on the closing price of Gildan common stock on August 11, 2025.

While many details of the acquisition have not been shared, Gildan’s president and CEO Glenn Chamandy notes at this point, the focus is a smooth integration. “By welcoming HanesBrands into the Gildan family, we are doubling our scale, combining iconic brands with our world-class, low-cost, vertically integrated platform, and unlocking a powerful engine for innovation and growth,” he said in a press release from the company. “Our priority now is to execute a seamless, collaborative integration that enables us to fully capture the value of our expanded platform and deliver at least $200 million in run-rate cost synergies, as announced on August 13, 2025.”

The process has been challenging, with various legal challenges coming to the forefront. According to the Globe and Mail, lawsuits were filed at one point alleging deficiencies in the merger disclosures. The two companies voluntarily provided supplemental disclosures to address those claims and avoid potential disruptions.

There hasn’t been any information shared at this point on the status of HanesBrands employees, locations, or any other details at the time of writing.

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