Divestiture announced
BBFIT Investments acquires Bonds and 3 other brands (2026)
BBFIT Investments announced the acquisition of Bonds and 3 other brands on 30 July 2026 for A$700 million; the deal is announced.[1]
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.
Recorded as announced; closing is expected in the second half of 2026. Gildan remains the owner of Bonds, Bras N Things, Berlei and Sheridan until then.
Deal facts
- Announced
- Expected close
- Pending
- Value
- A$700 million (enterprise value)
- Buyer
- BBFIT Investments
- Seller
- Gildan
- Assets
- Bonds, Bras N Things, Berlei (Australia, New Zealand and South Africa), Sheridan
- Regulatory review
- None recorded
Who owns these brands today?
- Bonds — owned by Gildan since 2025
- Bras N Things — owned by Gildan since 2025
- Berlei (Australia, New Zealand and South Africa) — owned by Gildan since 2025
- Sheridan — owned by Gildan since 2025
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Gildan reports second quarter 2026 results, updates full-year 2026 guidance and announces sale of HanesBrands Australia — Gildan Activewear Inc., Official press release, published 30 July 2026; retrieved 16 September 2026.
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