Page 2 of 2 Previous

Continued: Hanesbrands to buy Maidenform Brands for about $547.6 million to grow its bra business

  • Article by: MAE ANDERSON , AP Retail Writer
  • Last update: July 24, 2013 - 2:55 PM

Hanesbrands anticipates being able to potentially lower the costs of Maidenform products for retailers and consumers. Currently Maidenform sources its products from third-party manufacturers. With the acquisition, HanesBrands said Maidenform will now be able to take advantage of HanesBrands' company-owned manufacturing, which is supplemented by third-party manufacturers.

Hanesbrands spokesman Matt Hall said it was too early to say whether there would be layoffs related to the acquisition, but said there is "typically overlap of independent company corporate functions that would be redundant."

__

AP Writer Michelle Chapman in New York contributed to this report.

  • get related content delivered to your inbox

  • manage my email subscriptions

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

 
Close