2024-01-24 00:06:33 ET
Summary
- Hanesbrands is considering selling its Champion brand, which could help the company deleverage and become profitable again.
- The value of the Champion brand is estimated to be around $1 billion, but uncertainties exist due to incomplete financial data.
- If the sale goes through and HBI executes well, the company could create massive value for shareholders, with a potential upside of over 275% by 2028.
Investors facing the downturn of retailer Hanesbrands ( HBI ), which has witnessed a decline of -73% over the past three years, may soon discover a ray of hope....
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Hanesbrands: Selling Its Champion Brand Might Be A Genius Move