2024-04-02 22:50:24 ET
Summary
- Hanesbrands is considering selling its Champion brand and focusing on its innerwear segment due to financial difficulties.
- The company's apparel segment, particularly the Champion brand, has experienced declining sales and margins.
- Hanesbrands faces significant balance sheet risks with high levels of debt and a small equity compared to goodwill and intangibles.
Hanesbrands ( HBI ) is an apparel manufacturer that owns Hanes, Champion, and other apparel and innerwear brands....
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Hanesbrands: Not An Opportunity Even After The Recent Drop