Hanesbrands Inc. will close nine plants in the U.S., Mexico and the Caribbean Basin in the next year, eliminating approximately 8,100 jobs and ending production of knit textiles in the U.S.
“We are making significant progress in expanding our supply chain capability in Asia and consolidating into fewer, larger facilities located in lower-cost countries around the world,” said Richard Noll, chief executive officer of the Winston-Salem, N.C.-based innerwear and hosiery firm. “Globalizing our supply chain, and eventually balancing production between Asia and the Western Hemisphere, is a critical plank in our strategic efforts to reduce costs, improve product flow and increase our competitiveness.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)