Gildan’s Hanesbrands Acquisition Draws Praise from Fitch
The ratings agency assigned GIL a long-term issuer default rating of BBB with a stable outlook, touting the increased product portfolio diversification and scale that the addition of HBI will bring. Hanes' significant innerwear business and established retail presence will complement Gildan’s basics and blanks offering. Leverage is expected to increase to about 2.9x on a ... Log in to view full article.
