Hanesbrands Surges 27.95% on $440M Turnover, Ranks 238th in U.S. Equity Volume Amid Gildan Acquisition Talks

On August 12, 2025, Hanesbrands (HBI.N) surged 27.95% with a trading volume of $440 million, ranking 238th in U.S. equity turnover. This dramatic move followed reports of an advanced acquisition discussion between the U.S. innerwear producer and Canadian apparel giant Gildan Activewear (GIL.TO). Sources indicate the potential deal could value Hanesbrands at approximately $5 billion, including debt, with a possible agreement by week’s end. The news triggered a 3.7% decline in Gildan’s shares despite its dominant position in customizable apparel markets.

Hanesbrands has faced persistent challenges this year, including a 40% stock price decline driven by U.S. tariffs impacting 75% of its sales. However, recent earnings surpassed expectations with cost-cutting measures boosting annual forecasts. The company previously divested its Champion brand in a $1.2 billion deal to refocus on core innerwear operations. Gildan, which recently restructured leadership following a proxy battle, could see this acquisition expand its product portfolio and market reach, though regulatory hurdles remain a potential obstacle.

Historically, Hanesbrands’ valuation stood at $1.71 billion as of August 11, while Gildan’s market capitalization reached C$10.5 billion. The proposed transaction, if finalized, would mark one of the apparel industry’s largest mergers. Analysts note the strategic alignment between Gildan’s wholesale strength and Hanesbrands’ branded innerwear expertise could reshape North American apparel dynamics. However, the deal’s anonymity underscores lingering uncertainties despite advanced negotiations.

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