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Snowball Research
Hanesbrands Inc (HBI) reached agreement with Barington

Hanesbrands Inc (HBI) reached agreement with Barington

Jul 05, 2024
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Snowball Research
Snowball Research
Hanesbrands Inc (HBI) reached agreement with Barington
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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…

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