Hanesbrands Inc
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Hanesbrands Inc. is an American multinational clothing company based in
Winston-Salem, North Carolina Winston-Salem is a city in Forsyth County, North Carolina, United States, and its county seat. At the 2020 United States census, 2020 census, the population was 249,545, making it the List of municipalities in North Carolina, fifth-most populous ...
. It employs 65,300 people internationally. On September 6, 2006, the company and several brands were spun off by the
Sara Lee Corporation The Sara Lee Corporation was an American consumer-goods company based in Downers Grove, Illinois. The Sara Lee name was used of a number of frozen and packaged foods, often known for the long-running slogan "Everybody doesn't like something, b ...
. Hanesbrands owns several clothing brands, including
Hanes Hanes (founded in 1900) and Hanes Her Way (founded in 1985) is an American clothing brand headquartered in Winston-Salem. Founded in 1900 as Shamrock Knitting Mills by John Wesley Hanes, the company is owned by Hanes, Inc. History Hanes was f ...
,
Playtex Playtex is an American brand name for undergarments, baby products, gloves, feminine hygiene products, and sunscreen. The brand began in 1947 when International Latex Corporation (ILC) created a division named Playtex to produce and sell latex p ...
,
Bali Bali (English:; Balinese language, Balinese: ) is a Provinces of Indonesia, province of Indonesia and the westernmost of the Lesser Sunda Islands. East of Java and west of Lombok, the province includes the island of Bali and a few smaller o ...
, L'eggs, Just My Size, Barely There,
Wonderbra The Wonderbra is a type of push-up underwire brassiere that gained worldwide prominence in the 1990s. Although the Wonderbra name was first trademarked in the U.S. in 1955, the brand was developed in Canada. Moses (Moe) Nadler, founder and maj ...
,
Maidenform Maidenform Brands is a manufacturer of women's bras, underwear, and shapewear founded in 1922. History The company was founded in Bayonne, New Jersey in 1922 and sought to appeal to the flapper subculture of the time. Maidenform converted ...
,
Berlei Berlei is a brand of women's lingerie and in particular Brassiere, bras and girdles. History The company began in Sydney in 1910. The Berlei brand originated in 1917. Berlei undergarments are now sold in Australia by Hanesbrands and in the Un ...
, and Bonds.


History

The original Hanes outlet store was housed in a room adjacent to their factory. Hanesbrands currently operates and owns around 220 Hanesbrands, Maidenform and Champion retail stores across the US. The company's flagship store is located in Winston-Salem, North Carolina and opened in summer 2008. Stores range in size from 2,500 to 17,000 square feet Hanesbrands has companies in various parts of Europe, including the United Kingdom, Italy, Germany,
France France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French Guiana in South America, Saint Pierre and Miquelon in the Atlantic Ocean#North Atlan ...
and Spain. Sales revenue for 2010 was $4.33 billion and gross profit was $1.41 billion. In 2011,
WikiLeaks WikiLeaks () is a non-profit media organisation and publisher of leaked documents. It is funded by donations and media partnerships. It has published classified documents and other media provided by anonymous sources. It was founded in 2006 by ...
revealed that the corporation had previously lobbied the
State Department The United States Department of State (DOS), or simply the State Department, is an executive department of the U.S. federal government responsible for the country's foreign policy and relations. Equivalent to the ministry of foreign affairs o ...
to prevent the raise of
Haiti Haiti, officially the Republic of Haiti, is a country on the island of Hispaniola in the Caribbean Sea, east of Cuba and Jamaica, and south of the Bahamas. It occupies the western three-eighths of the island, which it shares with the Dominican ...
's minimum-wage to $0.61 an hour from $0.31 an hour. On July 24, 2013, Hanesbrands agreed to acquire
Maidenform Maidenform Brands is a manufacturer of women's bras, underwear, and shapewear founded in 1922. History The company was founded in Bayonne, New Jersey in 1922 and sought to appeal to the flapper subculture of the time. Maidenform converted ...
for $575 million. On July 15, 2016, Hanes acquired the Australian-based clothing and underwear and clothing company
Pacific Brands Hanes Australasia, formerly Pacific Brands, is an Australian consumer products company. It is a business unit of the American company Hanesbrands. Structure and brands The company is organised into three operating groups: * Underwear: whi ...
In October 2017, Hanes announced a $60 million acquisition of Norcross, GA based Alternative Apparel. In 2018, the company opened its first brick-and-mortar Champion brand retail store in Los Angeles. Currently there are 20 Champion stores open. Hanesbrands also has companies in United Kingdom, Italy, Germany, France and Spain. In November 2019, Chief Financial Officer Barry Hytinen left the company for a position at the storage and information management services company Iron Mountain. Hanesbrands made a statement in April 2021 that Michael Dastugue would be assuming the role of chief financial officer on May 1. The company has not had a permanent CFO since the departure of Barry Hytinen in 2019, with chief accounting officer Scott Lewis serving as the interim CFO since January 2020. Mr. Dastugue, according to analyst David Swartz of Morningstar Research Services, will be leading the company in adapting to a growing customer preference for online shopping. In June 2024, Hanesbrands announced plans to sell the Champion brand to Authentic Brands for $1.2 billion. Also in 2024, Hanesbrands announced it would move its headquarters to the Park Building in downtown Winston-Salem and that
Carolina University Carolina University (CU), formerly Piedmont International University (PIU), is a private Christian university in Winston-Salem, North Carolina. Carolina University offers both residential and online programs including dual enrollment, undergrad ...
would take over the Oak Summit headquarters where it had been located since 1993. The company said the move "didn't stem" from the sale.


Partnerships

As a collegiate fan apparel supplier, Hanesbrands has partnered with several Universities including Duke University, Florida State, University of Michigan, Auburn University, and Penn State among others. In April 2024, Hanesbrands extended their partnership with Duke for a further 5 years and in May 2024, the brand announced a five-year extension of its current partnership with TCU, one of more than two dozen elite schools that have special retail partnerships with Hanesbrands.


Company Culture


Controversy


May 2022 ransomware attack

Two separate legal actions were filed in February 2023 regarding a ransomware attack in May 2022. The legal actions were combined in North Carolina on behalf of 75,000 staff members. The lawsuits claimed that the ransomware breach exposed both present and past employees to the risk of identity theft, and asserted that the company lacked sufficient safety protocols in place. Hanesbrands offered a settlement in April 2024.


2024 Worker Rights Consortium Report

Hanesbrands and Gildan Activewear were implicated in a Worker Rights Consortium (WRC) report in March 2024 for failing to pay wages to employees at a Central American factory. The report highlights that Central American garment workers, who manufactured products for these companies, were illegally deprived of $2 million in compensation since the factory closed two years ago. According to the report, 831 workers at the APS factory in Ilopango, El Salvador, were unlawfully denied back wages, severance, and other benefits following the facility's closure, as confirmed by the Salvadoran Ministry of Labor.


See also

*
Fruit of the Loom Fruit of the Loom is an American company that manufactures clothing, particularly casual wear and undergarment, underwear. The company's world headquarters are located in Bowling Green, Kentucky. Since 2002, it has been a wholly owned subsidiary ...
* Jockey International


References


Further reading

*


External links


Official site
{{DEFAULTSORT:Hanesbrands Clothing companies of the United States Clothing companies established in 2006 Companies based in Winston-Salem, North Carolina Companies listed on the New York Stock Exchange Hosiery brands Lingerie brands Hanes family Corporate spin-offs Multinational companies headquartered in the United States