BBFIT Investments acquires Bonds, Bras N Things, Berlei (Australia, New Zealand and South Africa) and Sheridan
Eight months after buying Hanesbrands, Gildan agreed to sell HanesBrands Australia, the business behind Bonds, Bras N Things, Berlei and Sheridan, to BBFIT Investments Pte Ltd for an enterprise valuation of about A$700 million, and to use the proceeds to repay debt. Gildan already reports the Australian business as a discontinued operation.
- Value
- A$700m
- Buyer
- BBFIT Investments
- Seller
- Gildan
- Regulatory
- None recorded