Gildan Activewear Completes Sale of HanesBrands Australia
Gildan Activewear Inc. has finalized the sale of its HanesBrands Australia business to BBFIT Investments Pte Ltd for approximately 700 million Australian dollars.
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Gildan Activewear Inc. has finalized the sale of its HanesBrands Australia business to BBFIT Investments Pte Ltd for approximately 700 million Australian dollars.
A securities class action lawsuit has been filed against Gildan Activewear for investors who purchased securities between February 19, 2025 and June 15, 2026. The lawsuit alleges that Gildan engaged in channel stuffing and lacked adequate internal controls to artificially inflate revenues. The allegations emerged after Jehoshaphat Research published a report on June 16, 2026, causing Gildan's stock to plummet 18.7%. The deadline to move the court to become lead plaintiff is December 14, 2026.
Gildan Activewear Inc. has scheduled the release of its 2026 third-quarter financial and operating results for November 5, 2026.