Gildan Completes Sale of HanesBrands Australia to BBFIT Investments for AUD 700 Million

Bitget2026/10/26 11:03

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Gildan today completed its previously announced sale of HanesBrands Australia to BBFIT Investments, an associated entity of BB Retail Capital.
The purchase price was approximately AUD 700 million (approximately USD 490 million), paid in cash at closing.
Net proceeds are intended to repay outstanding debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gildan Activewear Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610260700PRIMZONEFULLFEED9852906) on October 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Gildan Completes Sale of HanesBrands Australia to BBFIT Investments for AUD 700 Million

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