HANESBRANDS: acquisition of DBApparel concluded
A LEADING bodywear concern in the US, and one of the most important worldwide, HanesBrands announced the finalizing of its acquisition of DBApparel, one of the major European companies in its field. The acquisition operates major brands that include Dim, Abanderado and Fila. As a result, HanesBrands raised its 2014 guidance, predicting full year ESP 20 cents higher, in the range of USD 5.40/5.60.
Backed by the skills and resources of their new owner, the DPApparel brands can be expected to increase their share of all the markets where they are distributed. They are also likely to expand into new markets once the process of integration is completed.