Company Description
HanesBrands Inc., historically traded on the New York Stock Exchange under the ticker HBI, has been known as a socially responsible global leader in everyday iconic apparel. According to company disclosures, HanesBrands focuses on manufacturing basics and innerwear brands that are synonymous with comfort, quality, and value and have been trusted by consumers for generations. The company has emphasized a mission to create a more comfortable world for every body and has built its business around apparel that supports daily life rather than seasonal or highly specialized fashion.
Public statements about HanesBrands describe it as the No. 1 seller of innerwear and as a global leader in everyday iconic apparel. Its portfolio includes some of the world’s most recognized apparel brands. These include Hanes, described as the leading basic apparel brand in the U.S.; Bonds, characterized as an Australian staple since 1915; Maidenform, described as America’s number one shapewear brand; and Bali, described as America’s number one national bra brand in the U.S. Earlier descriptions also reference brands such as Playtex, Bali, Maidenform, Flexees, JMS/Just My Size, Barely There, Wonderbra, Gear for Sports, and international brands including Zorba, Sol y Oro, Rinbros, Track N Field and Ritmo.
HanesBrands has stated that it owns the majority of its worldwide manufacturing facilities. Company communications highlight that this ownership structure supports workplace quality, ethical business practices, and efforts to reduce environmental impact. Over time, HanesBrands has also described itself as a socially responsible manufacturer and marketer of leading everyday basic apparel, reinforcing the importance it places on ethical conduct and long-term relationships with employees and partners.
In addition to its innerwear focus, HanesBrands has communicated activities in activewear and basics. Press releases describe product initiatives such as Hanes Moves, a cross-category athleisure collection under the Hanes brand that brings athletic-inspired innerwear and apparel for men, women, and children. This initiative is presented as an evolution from classic essentials and loungewear toward athleisure, combining comfort with performance-oriented features such as moisture-wicking, odor control, and anti-chafe properties across apparel, as well as leak protection in select women’s styles. The collection spans innerwear and apparel, indicating that HanesBrands participates in both undergarments and casual performance clothing categories.
HanesBrands has also highlighted the role of its Bonds brand in expanding its reach. Bonds is described as an iconic Australian underwear brand trusted by consumers for more than 100 years. Company communications note that Bonds products are designed for comfort and that the brand has a reputation for ultra-soft, high-quality fabrics designed for all-day wear. Bonds has been introduced into the U.S. market through campaigns emphasizing comfort and the brand’s Australian heritage.
From a corporate structure and capital markets perspective, HanesBrands historically reported results as a public company and used a range of GAAP and non-GAAP metrics in its financial communications. These included measures such as net sales, gross margin, operating profit, adjusted operating profit, EBITDA, adjusted EBITDA, organic constant currency net sales, leverage ratio, and free cash flow. The company has explained that it uses these non-GAAP measures to supplement GAAP results and to evaluate operating performance, particularly in the context of supply chain restructuring, cost savings initiatives, and other actions that it views as distinct from core operations.
HanesBrands’ public filings describe a business with U.S. and international segments and note that international net sales are influenced by foreign exchange rates and regional demand patterns. Company commentary has referenced regions such as Japan, the Americas, Australia and Asia in discussing constant-currency sales trends and brand performance, including references to the Bonds brand in Australia and Hanes brand performance in various markets. These disclosures indicate that HanesBrands’ operations and brand portfolio extend beyond the United States.
In terms of capital structure and financing, HanesBrands has reported actions such as refinancing its 2026 debt maturities through new senior secured term loan and revolving credit facilities. The company has described these steps as providing flexibility to continue paying down debt and has discussed leverage ratios calculated as net debt-to-adjusted EBITDA under its senior secured credit facility. These disclosures show that management has focused on debt reduction, cost savings, and transformation initiatives alongside revenue and margin performance.
A significant corporate development for HanesBrands is its acquisition by Gildan Activewear Inc. Regulatory filings state that on December 1, 2025, Gildan acquired HanesBrands Inc. through multiple merger steps pursuant to an Agreement and Plan of Merger dated August 13, 2025. Following these transactions, HanesBrands became a wholly owned subsidiary of Gildan, and Hanesbrands Inc. converted into a Maryland limited liability company now known as Hanesbrands LLC. As part of this process, each share of HanesBrands common stock outstanding immediately prior to the effective time of the relevant merger step was converted into the right to receive a combination of Gildan common shares and cash, as described in detail in the merger filings.
In connection with the acquisition, HanesBrands’ common stock was removed from listing on the New York Stock Exchange. A Form 25 filed on December 1, 2025, by the NYSE relates to the removal of HanesBrands Inc. from listing and registration under Section 12(b) of the Securities Exchange Act of 1934. Subsequently, a Form 15 filed on December 11, 2025, by Hanesbrands LLC certifies the termination of registration under Section 12(g) and the suspension of the duty to file reports under Sections 13 and 15(d) of the Exchange Act. The Form 15 filing notes that, as of that date, Hanesbrands LLC had one holder of record, reflecting its status as a wholly owned subsidiary.
For investors researching the historical HBI stock, these filings mean that HBI no longer trades as an independent public equity on the NYSE and that HanesBrands’ public reporting obligations under the Exchange Act have been terminated. The brand and operating activities associated with HanesBrands continue within the structure of Gildan’s broader business, but the former HanesBrands Inc. equity has been replaced by the merger consideration described in the transaction documents.
Business focus and operating themes
Across its disclosures and press releases, HanesBrands has emphasized several recurring themes in its operations:
- Everyday apparel focus: The company positions itself around basics, innerwear, and everyday apparel rather than niche or luxury categories.
- Brand portfolio: Hanes, Bonds, Maidenform, and Bali are highlighted as key brands with leading positions in their respective categories and geographies.
- Manufacturing footprint: HanesBrands reports that it owns the majority of its worldwide manufacturing facilities and associates this with quality, ethical practices, and environmental initiatives.
- Cost savings and transformation: Financial communications reference supply chain restructuring, consolidation, SKU discipline, and other optimization actions aimed at lowering fixed costs and improving efficiency.
- Use of non-GAAP metrics: The company provides adjusted measures and constant-currency views to analyze performance, particularly in light of restructuring and foreign exchange impacts.
These elements, together with the subsequent acquisition by Gildan, define the historical profile of HanesBrands Inc. for users reviewing the former HBI listing.