Authentic Brands Group initially agrees to purchase Champion from HanesBrands Inc.
After a weeks-long bidding process, Authentic Brands Group emerged victorious after agreeing to buy athletic apparel brand Champion from HanesBrands Inc. for just over $1 billion. “Champion agreed to the takeover by ABG last Friday or Monday,” said a source familiar with the negotiations. “They should be completed in late May or early June.” More […]