Hanesbrands to exit unbranded printing, Outer Banks businesses

Underwear maker Hanesbrands Inc said it would cut production of basic apparel used in screen printing and exit its private label business and the Outer Banks sportswear brand as it seeks to prop up falling margins. Hanesbrands's Playtex / Photo: PlaytexAs part of the restructuring, Hanesbrands said it has agreed to sell its European imagewear division to an affiliate of the Netherlands-based Smartwares B.V. for 15 million euros ($18.80 million). The imagewear segment, which sells basic apparel

Read more ...