WWD.com/fashion-news/fashion-features/sara-lee-spin-off-anticipated-for-summer-1065768/
government-trade
government-trade

Sara Lee Spin-Off Anticipated For Summer

Sara Lee Corp. is getting closer to spinning off its branded apparel business.

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.