Hanesbrands (HBI) announces it will narrow the focus of its global imagewear business by...

|About: Hanesbrands Inc. (HBI)|By:, SA News Editor

Hanesbrands (HBI) announces it will narrow the focus of its global imagewear business by restructuring to exit noncore segments, including divesting its European imagewear division and exiting the private-label category in the U.S. The company plans to take a charge of $85M-$95M in Q2 in relation to the changes.