Hanesbrands gains on exploring options for its Champion brand

Hanesbrands

19/09/2023 15:26

** Shares of Hanesbrands  HBI.N  rise 2% to $4.55 after the
sportswear maker announces an evaluation of strategic options
for its lifestyle brand, Champion 
    ** HBI considering potential sale or other strategic
transaction, amongst other options for the Champion business 
    ** Co says it has no set timetable for completion of process
    ** Co leveraging brands and competitive advantages, while
simplifying and focusing on all aspects of business - CEO Steve
Bratspies 
    ** HBI down 26.7% YTD including session gains 

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))