Hanesbrands Inc (HBI) reached agreement with Barington

Key Summary: On August 7, 2023, Barington urged the company to enhance shareholder value by focusing on cash generation, debt reduction, and operational efficiency, proposing $300 million in annual SG&A cost cuts, inventory reduction, and gross margin improvement. On November 16, 2023, the company entered into a cooperation agreement with Barington, app…