HanesBrands to elevate strategic options for global Champion business

HanesBrands, Inc. (HBI) announced Tuesday
that its Board of Directors and executive leadership team, with the
assistance of financial and legal advisors, are undertaking an
evaluation of strategic options for the global Champion business.

As part of this process, the Board will consider a broad range of
alternatives to maximize shareholder value, including, among others,
a potential sale or other strategic transaction, as well as
continuing to operate the business as part of HanesBrands.

The company said there can be no assurance that its assessment
process for the global Champion business will result in HanesBrands
pursuing any particular transaction or other strategic outcome
regarding Champion.(DPA)