Gildan Activewear Inc. and HanesBrands Inc. announced a definitive merger agreement under which Gildan will acquire HanesBrands. This transaction implies 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.

Following transaction close, Gildan's headquarters will continue to be located in Montréal, Québec.

The transaction is expected to close in late 2025 or early 2026.