{{Short description|American clothing company}} {{Infobox company | logo = HanesBrands.svg | name = Hanesbrands Inc. | type = Public | traded_as = {{NYSE was|HBI}} | owner = Gildan | brands = {{hlist |Hanes |Playtex |Bali |L'eggs |Just My Size |Barely There |Wonderbra |Maidenform |Berlei |Bonds}} | location = Winston-Salem, North Carolina, U.S. | locations = 423 outlet stores (2024) | founded = {{start date and age|1901}} | founder = John Wesley Hanes<br>{{small|(Shamrock Mills)}}<br>Pleasant H. Hanes<br>{{small|(P. H. Hanes Knitting Company)}} | key_people = Stephen B. Bratspies {{small|(CEO)}}<ref>{{Cite web|url=https://ir.hanesbrands.com/corporate-governance/board-of-directors/|title=Board of Directors | Hanesbrands Inc.|website=ir.hanesbrands.com}}</ref><ref>{{Cite web|url=https://www.businesswire.com/news/home/20200609005381/en/HanesBrands-Board-of-Directors-Appoints-Stephen-B.-Bratspies-as-Chief-Executive-Officer-Effective-Aug.-3-2020|title=HanesBrands Board of Directors Appoints Stephen B. Bratspies as Chief Executive Officer, Effective Aug. 3, 2020|date=June 9, 2020|website=www.businesswire.com}}</ref><br>Scott Lewis {{small|(CFO)}}<ref>{{cite news | url=https://www.wsj.com/articles/hanesbrands-cfo-michael-dastugue-resigns-scott-lewis-named-interim-cfo-11673560356 | title=Hanesbrands CFO Michael Dastugue Resigns; Scott Lewis Named Interim CFO | newspaper=Wall Street Journal | date=12 January 2023 | last1=Hardison | first1=Kathryn }}</ref><ref>{{cite web| url = https://www.businesswire.com/news/home/20230112005807/en/HanesBrands-Updates-Fourth-Quarter-2022-Financial-Outlook-Announces-Departure-of-Chief-Financial-Officer-Michael-Dastugue-and-Refinancing-Plans | title = HanesBrands Updates Fourth Quarter 2022 Financial Outlook; Announces Departure of Chief Financial Officer Michael Dastugue and Refinancing Plans | website= www.businesswire.com | date = 12 January 2023}}</ref> | revenue = {{decrease}} {{US$|3.51 billion|link=yes}} (2024) | operating_income = {{decrease}} {{US$|186 million}} (2024) | net_income = {{decrease}} {{US$|-320 million}} (2024) | assets = {{decrease}} {{US$|3.84 billion}} (2024) | equity = {{decrease}} {{US$|34 million}} (2024) | num_employees = 41,000 (2024) | website = {{URL|https://www.hanes.com/corporate}} | footnotes = <ref>{{Cite web |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1359841/000135984125000008/hbi-20241228.htm |title=2024 Annual Report (Form 10-K) |date=February 14, 2025 |publisher=U.S. Securities and Exchange Commission}}</ref> }} thumb|A tag on the inside of a Hanes T-shirt '''Hanesbrands Inc.''' is an American multinational clothing company based in Winston-Salem, North Carolina.<ref>"[http://www.hanesbrands.com/hbi/templates/ContactUs/Default.aspx Contact us]". Hanesbrands. Retrieved on October 26, 2010. "Hanesbrands Inc. 1000 East Hanes Mill Road Winston Salem, NC 27105 United States."</ref> Employing 65,300 people internationally,<ref>{{cite web |url=http://www.hanesbrands.com/hbi/en-us/OurCompany/Default.htm |title= Hanesbrands Inc. :: Our Company|website=www.hanesbrands.com |archive-url=https://web.archive.org/web/20061128010333/http://www.hanesbrands.com/hbi/en-us/OurCompany/Default.htm |archive-date=November 28, 2006}}</ref> it owns several clothing brands, including Hanes, Playtex, Bali, L'eggs, Just My Size, Barely There, Wonderbra, Maidenform, Berlei, and Bonds. The company was acquired by Gildan in 2025.
==History== The original Hanes outlet store was housed in a room adjacent to their factory. It currently operates and owns around 220 Hanesbrands, Maidenform and Champion retail stores across the US.<ref>{{cite web |title=Hanesbrands Outlets Website |url=https://outlets.onehanesplace.com/ |website=Hanesbrands Outlets Website |publisher=Hanesbrands |access-date=3 December 2022}}</ref>
On September 6, 2006, the company and several brands were spun off by the Sara Lee Corporation. Its flagship store is located in Winston-Salem, North Carolina and opened in summer 2008.
Its stores range in size from 2,500 to 17,000 square feet Hanesbrands has companies in various parts of Europe, including the United Kingdom, Italy, Germany, France and Spain. Sales revenue for 2010 was $4.33 billion and gross profit was $1.41 billion.<ref>According to 2010 Form 10-k.</ref>
In 2011, WikiLeaks revealed that the corporation had previously lobbied the State Department to prevent the raise of Haiti's minimum-wage to $0.61 an hour from $0.31 an hour.<ref>{{cite web|last=Johnson|title=WIKILEAKS: U.S. Fought To Lower Minimum Wage In Haiti So Hanes And Levis Would Stay Cheap|url=http://www.businessinsider.com/wikileaks-haiti-minimum-wage-the-nation-2011-6|publisher=Business Insider}}</ref>
On July 24, 2013, Hanesbrands agreed to acquire Maidenform for $575 million.<ref>{{cite news |url=https://dealbook.nytimes.com/2013/07/24/hanes-to-buy-maidenform-for-575-million/ |title=Hanes to Buy Maidenform for $575 Million |work=The New York Times |date=July 24, 2013 |access-date=July 25, 2013}}</ref><ref>{{cite news |url=https://www.wsj.com/articles/SB10001424127887323610704578625452582620188 |title=Hanes to Buy Maidenform for $575 Million |work=The Wall Street Journal |date=July 24, 2013 |access-date=July 25, 2013}}</ref> On July 15, 2016, Hanes acquired the Australian-based clothing company Pacific Brands<ref>{{Cite news|url=http://www.businesswire.com/news/home/20160715005150/en/HanesBrands-Completes-Acquisition-Pacific-Brands-Limited|title=HanesBrands Completes Acquisition of Pacific Brands Limited|date=28 April 2016|work=Company announcement}}</ref>
In October 2017, a year before opening the first of the current twenty brick-and-mortar Champion brand retail store in Los Angeles,<ref>{{Cite web|url=https://www.bizjournals.com/triad/news/2018/04/09/hanebrands-champion-opens-first-u-s-retail-store.html|title=Hanebrands' Champion opens first U.S. retail store (PHOTOS)|last=Whittington|first=Lloyd|date=2018-04-09|website=www.bizjournals.com|access-date=2020-01-17}}</ref><ref>{{cite web |url=http://www.championusa.com/Champion/Service/contentviewer.aspx?ID=StoreListing |title=Champion Stores Listing |publisher=ChampionUSA |access-date=2013-07-25 |archive-date=2011-04-21 |archive-url=https://web.archive.org/web/20110421084529/http://www.championusa.com/Champion/Service/contentviewer.aspx?ID=StoreListing |url-status=dead }}</ref> Hanes announced a $60 million acquisition of Norcross, GA-based Alternative Apparel.<ref>{{Cite web|title=Hanesbrands acquires Georgia apparel firm for $60M|url=https://www.bizjournals.com/triad/news/2017/10/18/hanesbrands-acquiresgeorgia-apparel-firm-for-60m.html|access-date=2020-06-08|website=www.bizjournals.com}}</ref>
In November 2019, its CFO Barry Hytinen left the firm for a position at the storage and information management services company Iron Mountain.<ref>{{Cite web|url=https://www.bizjournals.com/triad/news/2019/11/26/triad-apparel-company-cfo-resigns-to-take-job-with.html|title=Triad apparel company CFO resigns to take job with Boston company|last=Warfield|first=Andy|date=2019-11-26|website=www.bizjournals.com|access-date=2020-01-17}}</ref> With his departure, chief accounting officer Scott Lewis took over as CFO starting in January 2020.
In April 2021, the company made a statement saying that Michael Dastugue would assume the role of CFO on May 1. According to David Swartz of Morningstar Research Services, Dastugue will be leading Hanesbrands in adapting to a growing customer preference for online shopping.<ref>{{Cite news|last=Broughton|first=Kristin|date=2021-04-29|title=HanesBrands Names New CFO as Pandemic, E-Commerce Weigh on Its Business|language=en-US|work=Wall Street Journal|url=https://www.wsj.com/articles/hanesbrands-names-new-cfo-as-pandemic-e-commerce-weigh-on-its-business-11619727439|access-date=2021-04-30|issn=0099-9660}}</ref><ref>{{Cite web|last=Singh|first=Prachi|date=2021-04-29|title=Michael Dastugue to join HanesBrands as CFO|url=https://fashionunited.uk/news/people/michael-dastugue-to-join-hanesbrands-as-cfo/2021042955228|access-date=2021-04-30|website=FashionUnited|language=en}}</ref><ref>{{Cite web|title=HanesBrands Names Michael Dastugue Chief Financial Officer|url=https://finance.yahoo.com/news/hanesbrands-names-michael-dastugue-chief-124500060.html|access-date=2021-04-30|website=finance.yahoo.com|language=en-US}}</ref>
In 2024, Hanesbrands announced it would move its headquarters to the Park Building in downtown Winston-Salem. Meanwhile, after being there since 1993, the Oak Summit location would be taken over by Carolina University.<ref>{{cite news|url=https://journalnow.com/news/local/hanesbrands-moving-headquarters-to-downtown-winston-salem/article_a83b1280-3d4c-11ef-bbd8-433864981970.html|title=Hanesbrands moving headquarters to downtown Winston-Salem. Carolina University to move to Hanesbrands site|last=Craver|first=Richard|work=Winston-Salem Journal|date=2024-07-08|access-date=2024-07-31}}</ref>
In June of the same year, it announced plans to sell the Champion brand to Authentic Brands Group for $1.2 billion.<ref>{{Cite web |last=Conlon |first=Sean |date=2024-06-05 |title=Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal |url=https://www.cnbc.com/2024/06/05/hanesbrands-to-sell-champion-brand-to-authentic-brands-in-1point2-billion-deal.html |access-date=2024-06-05 |website=CNBC |language=en}}</ref> When reporting the change of headquarters, Hanesbrands stated that the relocation "didn't stem" because of the brand sale.
In August 2025, Hanesbrands and Canadian clothing company Gildan announced a merger agreement in which Gildan would acquire Hanesbrands in a cash and stock deal valued at US$2.2 billion. Expected to close in 2025 and early the following year,<ref>{{Cite web |date=2025-08-13 |title=Canada's Gildan to buy Hanesbrands for $2.2 billion to expand basic apparel business |url=https://www.cnbc.com/2025/08/13/hanesbrands-agrees-to-takeover-by-canadas-gildan-activewear.html |access-date=2025-08-13 |website=CNBC |language=en}}</ref><ref>{{Cite web |last=Chapman |first=Michelle |date=2025-08-13 |title=Canada's Gildan Activewear is buying HanesBrands for $2.2 billion |url=https://apnews.com/article/gildan-hanesbrands-hanes-maidenform-57b14618d7611f4a644af4150049502e |access-date=2025-08-13 |website=AP News |language=en}}</ref> its shareholders approved the deal in November.<ref>{{Cite news |last=Craver|first=Richard |date=2025-11-25 |title=Hanesbrands shareholders OK $4.4B sale to Gildan |url=https://journalnow.com/news/local/business/article_5a1b92f9-9fbe-4a67-96c9-d97fe32b26a3.html#tracking-source=home-top-story |work=Winston-Salem Journal |language=en}}</ref>
On December 1, 2025, Gildan completed the acquisition of Hanesbrands.<ref>{{Cite web|url=https://www.meawards.ie/news/gildan-activewear-completes-acquisition-of-hanesbrands-to-expand-global-scale|title=Gildan Activewear completes acquisition of HanesBrands to expand global scale|work=Manufacturing Excellence Awards|access-date=2025-12-04|language=en}}</ref>
==Partnerships== {{Expand section|date=April 2024}} As a collegiate fan apparel supplier, Hanesbrands has partnered with several Universities including Duke University, Florida State, University of Michigan, Auburn University, and Penn State among others.<ref>{{Cite web |last=Ducouer |first=Nicole |date=2024-04-09 |title=HanesBrands and Duke University Extend Long-term Apparel Partnership |url=https://www.businesswire.com/news/home/20240409834201/en/HanesBrands-and-Duke-University-Extend-Long-term-Apparel-Partnership |access-date=2024-04-11 |website=www.businesswire.com |language=en}}</ref> In April 2024, Hanesbrands extended their partnership with Duke for a further 5 years <ref>{{Cite web |date=9 April 2024 |title=HanesBrands Inc. Extends Mass Channel Apparel Partnership with Duke {{!}} SGB Media Online |url=https://sgbonline.com/hanesbrands-extend-apparel-partnership-with-duke-another-five-years/ |access-date=2024-04-11 |website=sgbonline.com}}</ref><ref>{{Cite web |last=Reporter |first=RICHARD CRAVER Staff |date=2024-04-09 |title=HanesBrands signs five-year fanwear apparel extension with Duke |url=https://journalnow.com/news/local/business/hanesbrands-signs-five-year-fanwear-apparel-extension-with-duke/article_04c282c4-f674-11ee-abf8-af7c7c73b8a2.html |access-date=2024-04-11 |website=Winston-Salem Journal |language=en}}</ref> and in May 2024, the brand announced a five-year extension of its current partnership with TCU, one of more than two dozen elite schools that have special retail partnerships with Hanesbrands.<ref>{{Cite web |title=HANESBRANDS AND TCU EXTEND LONG-TERM APPAREL PARTNERSHIP |url=https://newsroom.hanesbrands.com/newsreleases/news-details/2024/HanesBrands-and-TCU-Extend-Long-Term-Apparel-Partnership/default.aspx |website=Newsroom HanesBrands}}</ref>
==Controversy==
=== May 2022 ransomware attack === Two separate legal actions were filed in February 2023 regarding a ransomware attack in May 2022. The legal actions were combined in North Carolina on behalf of 75,000 staff members. The lawsuits claimed that the ransomware breach exposed both present and past employees to the risk of identity theft, and asserted that the company lacked sufficient safety protocols in place.
Hanesbrands offered a settlement in April 2024.<ref>{{Cite web |last=Reporter |first=RICHARD CRAVER Staff |date=2024-04-09 |title=HanesBrands offers settlement to employees affected by ransomware attack. Employees will have option of credit monitoring, $50 store credit or $35 cash payment |url=https://journalnow.com/news/local/business/hanesbrands-offers-settlement-to-employees-affected-by-ransomware-attack-employees-will-have-option-of-credit/article_94425946-f5c6-11ee-8aae-dba31e00da07.html |access-date=2024-04-11 |website=Winston-Salem Journal |language=en}}</ref>
=== 2024 Worker Rights Consortium Report === Hanesbrands and Gildan Activewear were implicated in a Worker Rights Consortium (WRC) report in March 2024 for failing to pay wages to employees at a Central American factory. The report highlights that Central American garment workers, who manufactured products for these companies, were illegally deprived of $2 million in compensation since the factory closed two years ago. According to the report, 831 workers at the APS factory in Ilopango, El Salvador, were unlawfully denied back wages, severance, and other benefits following the facility's closure, as confirmed by the Salvadoran Ministry of Labor.<ref>{{Cite web |last=Nishimura |first=Kate |date=2024-03-21 |title=Hanesbrands Named in WRC Report for Nonpayment of Worker Wages at Central American Factory |url=https://www.yahoo.com/lifestyle/hanesbrands-named-wrc-report-nonpayment-200045716.html |access-date=2024-04-11 |website=Yahoo Life |language=en-US}}</ref>
==See also== {{Portal|United States|Companies|Fashion}} * Fruit of the Loom * Jockey International
==References== {{Reflist}}
==Further reading== * {{cite news |last=Augstums |first=Ieva |url=https://www.thestar.com/Business/article/164552 |title=Pantyhose makers suffering sales snag |work=Toronto Star |date=2006-12-26 |access-date=2007-01-03}}
==External links== *{{official|https://www.hanes.com}} {{Finance links historical | name = Hanesbrands | symbol = HBI | sec_cik = 1359841 }}
{{HanesBrands}} {{hosiery}} {{lingerie}} {{men's undergarments}} {{North and South Carolina Corporations}}
{{Authority control|state=expanded}} {{DEFAULTSORT:Hanesbrands}} Category:Clothing companies of the United States Category:Clothing companies established in 2006 Category:Companies based in Winston-Salem, North Carolina Category:Companies formerly listed on the New York Stock Exchange Category:Hosiery brands Category:Lingerie brands Category:Hanes family Category:Corporate spin-offs Category:Multinational companies headquartered in the United States Category:Hanesbrands Category:2025 mergers and acquisitions Category:Gildan