NEW YORK — Sara Lee Corp. is getting closer to spinning off its branded apparel business to stockholders.

The spin-off of Hanesbrands Inc. is expected to happen this summer, the company said in a statement Wednesday. The business, which includes brands such as Hanes, Champion, Playtex, Bali, Just My Size, Barely There and Wonderbra, added $4.7 billion in net sales to Sara Lee’s top line in 2005.


For complete coverage, see tomorrow's WWD.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus