Gildan announced the completion of their deal and they have fully purchased Hanes. You can read the press release yourself here.

They now have double the capacity, let’s hope they don’t cut their workforce in half…

Chairman Chamandy states:

“Today marks the beginning of an exciting new chapter. By welcoming HanesBrands into the Gildan family, we are doubling our scale, combining iconic brands with our world-class, low-cost, vertically integrated platform, and unlocking a powerful engine for innovation and growth. Together, our complementary strengths in activewear and innerwear, across channels and geographies, position us to better serve our customers and deliver sustainable, long-term value for our shareholders. Our priority now is to execute a seamless, collaborative integration that enables us to fully capture the value of our expanded platform and deliver at least $200 million in run-rate cost synergies, as announced on August 13, 2025.”

The repercussions on similar styles shared by both brands, the color options, and who you will deal with on a daily basis for your Hanes needs are all up in the air, tbd, not sure if we need to raise a red flag yet….