Fashion
Canada’s Gildan Activewear to acquire HanesBrands in $4.4 bn deal
Under the deal, HanesBrands shareholders will receive 0.102 Gildan shares and $0.80 in cash per share, representing a 24 per cent premium to HanesBrands’ August 11 closing price. Upon completion, they will own about 19.9 per cent of Gildan on a non-diluted basis.
Gildan Activewear will acquire HanesBrands in a $4.4 billion deal, doubling Gildan’s revenues and expanding into iconic innerwear brands.
HanesBrands shareholders will get cash and shares, holding 19.9 per cent post-close.
The merger targets $200 million in cost synergies within three years, with over 20 per cent EPS accretion.
Headquarters will remain in Montreal.
The combination will double Gildan’s revenues, expand its reach into iconic innerwear brands, and strengthen its low-cost vertically integrated manufacturing network. The companies expect at least $200 million in annual run-rate cost synergies within three years—$50 million in 2026, $100 million in 2027, and $50 million in 2028. The deal is forecast to be immediately accretive to adjusted diluted EPS and deliver more than 20 per cent EPS accretion once synergies are realised, the two companies said in a joint media release.
Gildan will maintain headquarters in Montreal and a strong presence in Winston-Salem. The transaction, approved unanimously by both boards, is subject to shareholder and regulatory approvals, with closing expected in late 2025 or early 2026. Financing includes $2.3 billion in committed facilities, with Gildan targeting a net debt-to-adjusted EBITDA ratio of ≤2.0x within 18 months post-close.
The merged entity aims for net sales growth of 3–5 per cent annually, capex of 3–4 per cent of sales, and adjusted EPS growth in the low 20 per cent range through 2028. Strategic alternatives will be reviewed for HanesBrands Australia, potentially including a sale, the release added.
“Today is a historic moment in Gildan’s journey as we look to join forces with HanesBrands. We are extremely pleased to welcome the HanesBrands’ team to the Gildan family,” commented Glenn J Chamandy, president and chief executive officer of Gildan. “With this transaction, our revenues will double, and we achieve a scale that distinctly sets us apart. The combination with HanesBrands strengthens our positioning with an opportunity to expand the heritage “Hanes” brand presence in activewear across channels, while enhancing Gildan’s retail reach for its portfolio of brands. Further, our state of the art low-cost vertically integrated platform will be utilised to enhance efficiencies and drive additional innovation. We are excited for the next stage of growth and remain focused on supporting our customers and continuing to drive long term shareholder value.”
“This transaction represents a powerful alignment of HanesBrands’ and Gildan’s shared commitment to quality, innovation, and excellence. We have great respect for Gildan’s manufacturing strength and long track record of success. We look forward to expanding upon HanesBrands’ portfolio of leading innerwear brands and go-to-market expertise and opening new doors for growth and impact as part of Gildan,” said Steve Bratspies, CEO of HanesBrands.
“This transaction represents a pivotal moment in Gildan’s story,” said Michael Kneeland, chair of the board of directors of Gildan. “Hanes is a distinguished brand with a proud legacy, and by joining forces with HanesBrands, we are forging an exceptional organisation built on the strengths of both companies. Leveraging best practices and the exceptional teams from each side, we are poised to deliver outstanding value to our customers and shareholders. With the finest talent in the industry, we have an extraordinary opportunity ahead to shape the future together.”
Bill Simon, chairman of HanesBrands’ board of directors, commented, “We are very pleased to have reached this agreement with Gildan which delivers significant and certain value for our shareholders, both through immediate cash and substantial upside potential of the combined company. As part of Gildan, HanesBrands will benefit from an even stronger financial and operational foundation that will provide new growth opportunities – helping to power further innovation, a broader product offering and greater reach across channels and geographies. We are confident that this transaction and the next chapter with Gildan is the right next step for HanesBrands and will honour and build on its long history for the benefit of all our stakeholders.”
Fibre2Fashion News Desk (KD)
In its ASEAN+3 Financial Stability Report (AFSR) 2025 and the ASEAN+3 Regional Economic Outlook (AREO) October update, AMRO highlighted the region’s resilience amid US trade policy shifts and geopolitical tensions. Additionally, growing uncertainty around the US dollar’s safe-haven status could further fragment the global financial landscape, AMRO said in a press release.
“While intra-regional trade and domestic demand have become increasingly important growth drivers across ASEAN+3, the region remains deeply connected to the global financial system and is therefore not insulated from global shocks,” said Dong He, chief economist at AMRO. “Overall, the region’s financial system remains resilient, although pockets of vulnerabilities persist.”
The ASEAN+3 region’s growth outlook has been raised to 4.1 per cent for 2025 and 3.8 per cent for 2026, supported by strong exports and robust fundamentals, as per AMRO.
Despite global uncertainties from US trade policy shifts and financial fragmentation risks, the region remains resilient, aided by ample reserves, sound banking systems, and growing financial integration.
Despite these challenges, ASEAN+3 economies remain well-positioned to navigate global headwinds. Well-calibrated policy mixes and strong fundamentals—including robust banking systems, deepening financial markets, ample foreign reserves, and available policy space—have provided critical buffers. With inflation largely subdued and expectations well-anchored in most economies, central banks can maintain accommodative monetary policy to support growth.
At the same time, macroprudential tools, along with foreign exchange and capital flow management measures, offer additional safeguards to maintain financial stability and mitigate external spillovers. However, AMRO underscored that support should be carefully targeted to vulnerable sectors and deployed prudently to preserve policy space amid elevated external uncertainty.
Beyond near-term risks, the region is undergoing deeper structural transitions. Most notably, the rapid digitalisation of financial services presents opportunities for greater financial inclusion and efficiency, while also introducing new challenges to financial stability.
“Digitalisation of the banking sector is reshaping the market structure, offering new pathways for inclusion and efficiency,” said Runchana Pongsaparn, group head for financial surveillance at AMRO. “But it also alters the nature and distribution of financial stability risks. Policymakers must adopt a multi-pronged strategy that promotes innovation while managing risks, calibrated to the maturity of each market segment.”
As ASEAN+3 manages near-term uncertainties, AMRO emphasised the importance of reinforcing policy frameworks, improving transparency, and deepening domestic markets and buffers to mitigate spillover risks from external shocks, added the release.
She concluded: “With coordinated actions and deeper financial cooperation and integration, ASEAN+3 can turn today’s challenges into tomorrow’s opportunities, and emerge stronger, more connected, and more resilient.”
Fibre2Fashion News Desk (SG)
The original Bugaboot was the result of a landmark collaboration between Columbia founder Gert Boyle, CEO Tim Boyle, and footwear pioneer Peter Moore, whose previous roles at Nike and adidas helped shape modern sneaker culture.
Columbia Sportswear is relaunching its first-ever footwear, the Bugaboot 1, in a limited edition of 1,993 numbered pairs.
Honouring the original 1993 design by Peter Moore, the 2025 version integrates Omni-Grip traction and Techlite cushioning.
It will release on October 14 for Greater Rewards members and publicly on October 15, priced at $250, with exclusive packaging and memorabilia.
“More than 30 years ago, my mother and I knew it was time to expand Columbia’s footprint – literally – and enter the footwear space,” said Tim Boyle, Chairman, President & CEO of Columbia Sportswear. “Delivering a functional outdoor boot that reflected Columbia’s rugged, innovative spirit was critical. Peter was our first and only call. He and Gert shared an obsession with problem-solving through design, making him a natural partner to help launch this new chapter. Today, we honor Peter’s immeasurable legacy and celebrate Columbia’s own history in performance footwear alongside Peter’s sons, Hagen and Devin, who were instrumental in bringing this new project to life.”
Peter Moore, best known for designing the original Air Jordan shoe and logos during his time as Creative Director at Nike, later became Global Creative Director at adidas. A legendary designer and prolific multi-disciplinary artist, Moore’s work spanned product design, identity systems, and activism through his art. His creative influence and consulting shaped countless campaigns and logos, including the development of the original Bugaboot, a product he remained deeply involved with leading up to its launch.
“This project means a lot to our family. My dad poured his heart into everything he worked on, and the Bugaboot was no exception,” said Hagen Moore, son of Peter Moore and Co-Founder of Boom Pow Bang Creative Agency. “To see Columbia bring it back with so much care and respect for our father’s original design while pushing it forward with today’s tech is something we know he would’ve been incredibly proud of.”
In 1993, Columbia was already known for groundbreaking outerwear like the classic Bugaboo 3-in-1jacket, named after the famed Bugaboo Mountain Range in B.C. Canada. The Bugaboot was engineered as a natural extension of the jacket, pairing the durability of a duck boot with the comfort and performance of an athletic shoe. This 2025 edition honors that hybrid spirit while incorporating Columbia’s modern engineering innovations such as Omni-Grip traction and Techlite lightweight cushioning.
Only 1,993 pairs will be released globally and each is individually numbered to provide people with a one-of-one product. The shoes will retail for $250 USD in whole sizes only and come in custom packaging featuring matching box, a keychain, and unique tissue paper.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Inflows from Japan and into wholesale and retail trade took the lead in the month.
The drop resulted from lower non-residents’ net investments in debt instruments, which fell by 39.4 per cent year on year (YoY) from $1.2 billion to $711 million.
Net foreign direct investment (FDI) inflows into the Philippines declined by 7.5 per cent from $1.4 billion in July 2024 to $1.3 billion in July 2025, central bank data show.
The drop resulted from lower non-residents’ net investments in debt instruments, which fell by 39.4 per cent YoY to $711 million.
FDI net inflows fell by 20 per cent YoY to $4.7 billion in January-July 2025.
However, the reduction was tempered by the 450.6-per cent increase in non-residents’ net investments in equity capital (other than reinvestment of earnings), which rose YoY from $76 million to $418 million. Similarly, reinvestment of earnings grew by 14.3 per cent YoY from $122 million to $139 million, a release from the central bank said.
Equity capital placements in July 2025 were sourced primarily from Japan and the United States. Industries that received most of these investments were wholesale and retail trade, manufacturing and real estate.
FDI net inflows declined by 20 per cent from $5.9 billion posted in January-July 2024 to $4.7 billion in January-July 2025.
Fibre2Fashion News Desk (DS)
ASEAN+3 growth outlook upgraded to 4.1% for 2025: AMRO
US’ Columbia reintroduces iconic 1993 Bugaboot 1 in limited edition
Royal family rocked by new twist in Prince Andrew, Epstein drama
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