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CT Yohannes Petros is the owner of Hanes Hummus. (Trevor Bothorel/CBC) A local hummus maker is facing off against a global clothing giant. Earlier this month, Yohannes Petros got a cease and desist letter from Hanesbrands Incorporated.
pursuant to which Hanes will acquire all of the outstanding shares of Maidenform for $23.50 per share in cash, representing a transaction value of approximately $575 million. The transaction price represents a premium of approximately 23% to
In 2012, 28% of large U.S. employers hosted on-site medical clinics, and 39% will have them by 2014, a Towers Watson survey found...The toll of seven of the most common chronic illnesses, in costs and lost productivity, is expected to hit $4.2
The chief executive of Career Education didn't mince words about what the Schaumburg, Ill.-based company's up against as it reported a second-quarter net loss and lower revenue. Withering public criticism, combined with a game-changing regulatory
HanesBrands is getting out of Europe, selling its division there, and also said Wednesday that it is putting its Outer Banks brand on the block and that it will exit its private-label business in the U.S. The Imagewear division, which includes Europe,
Hanesbrands Inc. said Wednesday that it has bought an Australian apparel distributor for $9 million to expand the reach of its Champion brand in Asia. TNF Group Pty Ltd., based in Scoresby, Victoria, already had been selling and distributing Champion
Hanesbrands Inc. touted a stronger bottom line as the payoff for buying the parent company of the Gear For Sports brand in November. If the first full quarter of Gear For Sports sales is any indication, it appears Hanesbrands may have hit a home run.
Pressured by rising cotton prices, $4.3-billion-a-year apparel maker HanesBrands Inc...Last month, Naturally Advanced Technologies, a small Portland, Ore., maker of sustainable fabrics, said it signed a 10-year deal with Hanes to "commercialize" flax
It owns the Hanes, Champion, Playtex, Bali and L'eggs brands. Quarter: Third-quarter profit surged 49 per cent to $61-million, or 63 cents a share, as sales advanced 10 per cent to $1.2-billion. Hanes beat analysts' consensus earnings target by 1.9
Hanesbrands Inc. continues to make good on its bullish forecast for 2010, posting yesterday its third consecutive strong earnings performance. It also raised its sales and earnings guidance for the full year. Hanesbrands cited gains in shelf space