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Gildan to capture more cost savings from Hanesbrands takeover than previously expected

Summary by The Globe & Mail
Clothing maker completed its US$2.2-billion purchase of U.S.-based Hanesbrands in December

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Gildan's Clothing increases its dividend and announces on Thursday that its net turnover in the fourth quarter has increased by more than 30% compared to the previous year, thanks to the acquisition of HanesBrands.

·Montreal, Canada
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Gildan reports that its net sales amounted to US$1.08 billion. The post agreement with HanesBrands boosts Gildan's sales by 31% to the 4T appeared first on Les Affaires.

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The Record broke the news in Waterloo, Canada on Thursday, February 26, 2026.
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