HanesBrands To Evaluate Strategic Options For Global Champion Business
(RTTNews) - HanesBrands, Inc. (HBI) announced Tuesday that its Board of Directors and executive leadership team, with the assistance of financial and legal advisors, are undertaking an evaluation of strategic options for the global Champion business.
As part of this process, the Board will consider a broad range of alternatives to maximize shareholder value, including, among others, a potential sale or other strategic transaction, as well as continuing to operate the business as part of HanesBrands.
The company said there can be no assurance that its assessment process for the global Champion business will result in HanesBrands pursuing any particular transaction or other strategic outcome regarding Champion.
read more
HanesBrands Slashes FY23 Outlook - Update
While reporting financial results for the second quarter on Thursday, basic apparel maker HanesBrands, Inc. (HBI) provided earnings and net sales guidance for the third quarter, and lowered its earnings and sales forecast for the full-year 2023.
RTTNews
|
564 days ago
HanesBrands Inks Multi Year Apparel Agreement With UCLA
HanesBrands (HBI), the world's largest supplier of collegiate fan apparel, and the University of California, Los Angeles or UCLA, announced Tuesday a multi-year apparel agreement that gives HBI exclusive rights to design, manufacture and distribute high-quality, on-trend Bruins fanwear in the mass retail channel.
RTTNews
|
720 days ago
Europe New Car Registrations Decline In January
Europe's new car registrations declined in January as sales weakened across three major markets, the European Automobile Manufacturers' Association said Tuesday. New car sales decreased 2.6 percent from a year ago, in contrast to the 5.1 percent increase in December. Car registrations declined 6.2 percent in France and by 5.8 percent in Italy. Germany reported a moderate fall of 2.8 percent.
RTTNews
|
5h 9min ago
China Maintains Medium-Term Lending Facility Rate
The People's Bank of China conducted one-year medium-term lending facility operations on Tuesday and the interest rate on MLF was kept unchanged. The central bank issued CNY 300 billion of one-year MLF at a rate of 2.0 percent. The interest rate was unchanged from the previous operation.
RTTNews
|
5h 48min ago
European Economics News Preview: Germany GDP Data Due
Revised quarterly national accounts data from Germany is due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's revised GDP data. The initial estimate showed that the largest euro area economy contracted 0.2 percent in fourth quarter after expanding 0.1 percent in the preceding quarter.
RTTNews
|
6h 22min ago
European Shares Poised To Open Lower On Trump Tariff Concerns
European stocks may drift lower at open on Tuesday after the S&P 500 posted its third consecutive session loss on tariff worries and apprehensions over the artificial intelligence-driven narratives.
RTTNews
|
6h 51min ago
Bank Of Korea Cuts Policy Rate By 25 Bps
The Bank of Korea reduced its benchmark rate by a quarter-point on Tuesday as domestic political unrest and trade policies of the US government weighed on domestic demand and economic growth. The monetary policy board, governed by Rhee Chang Yong, decided to lower the Base Rate by 25 basis points to 2.75 percent. The decision matched expectations.
RTTNews
|
6h 57min ago
Sensex, Nifty Modestly Higher In Cautious Trade
Indian shares were slightly higher in cautious trade on Tuesday after having suffered heavy losses in the previous session on tariff worries and apprehensions over the artificial intelligence-driven narratives.
RTTNews
|
8h 9min ago
