>>
Home / Knowledge / News / Apparel/Garments / Sara Lee to spin off apparel unit to stockholders

Sara Lee to spin off apparel unit to stockholders

24
May '06
Sara Lee Corporation has disclosed further information regarding its previously announced plan to spin off its Branded Apparel, Americas/Asia, business to Sara Lee stockholders.

As described in an information statement filed with the Securities and Exchange Commission, with the spin-off, Sara Lee is creating a separate, independent, publicly traded global apparel company named Hanesbrands Inc.

In the spin-off, Sara Lee will distribute to its stockholders all of the outstanding shares of Hanesbrands common stock, with the distribution ratio to be determined shortly before the spin-off occurs.

Following the spin-off, Hanesbrands will be a separate company from Sara Lee, and Sara Lee will not retain any ownership interest. Sara Lee expects to complete the spin-off of Hanesbrands between June and September, 2006, subject to market, regulatory and other conditions.

"With today's filing, the final phase necessary for Hanesbrands Inc to become a separate, publicly traded company has been initiated," said Brenda Barnes, Chairman and CEO of Sara Lee Corporation.

"I am delighted that we have reached this critical milestone in executing our long-range plan to transform Sara Lee into a more disciplined, high-performing company for our shareholders. With the spin-off of Hanesbrands, we will be significantly closer to becoming a single, integrated operating company focused on delivering high-quality, innovative food, beverage, and householdand body care products to consumers around the world," Brenda added.


Must ReadView All

Pic: Shutterstock.com

Textiles | On 24th Jan 2022

World economy to lose $12.5 trn in output by 2024 due to COVID: IMF

The world economy will lose $12.5 trillion in output by 2024 due to...

Pic: Karin59 | Dreamstime.com

Textiles | On 24th Jan 2022

Investor confidence in Germany rises in Jan despite supply crunch

Investor confidence in Germany rose in January, say recent figures,...

Pic: Nikolay Antonov | Dreamstime.com

Textiles | On 24th Jan 2022

People's Bank of China cuts benchmark lending rates

China’s central bank has cut the benchmark lending rate of loan prime ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Amelia Adey,

Amelia Adey

The KOOKAI Australia and New Zealand story began in 1992 when Parisian...

Shivendra Nigam,

Shivendra Nigam

Delhi-headquartered Cantabil Retail India Ltd was founded by Vijay Bansal...

Noemi Sanchez,

Noemi Sanchez

Established since 1846, Evlox is a specialised denim manufacturer with its ...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Gatsby Africa
Groz-Beckert East Asia LLP
BIANCA
OVS Hong Kong Sourcing Ltd.
Helly Hansen Far East Ltd
The Top Form Brassiere Manufacturing Company Limited
Lululemon Athletica Inc
Gap International Sourcing Limited
Eastman Chemical Company
PVH Corporation
Maceton Limited
J ;& P Coats
LC Waikiki
Chico’ FAS
Desigual - ABASIC, S.A.
SYNERGIES HONG KONG LIMITED
Rayonese Textile Inc., Division de Culp Inc.
Huntsman (Singapore) Pte Ltd
Abit
The LYCRA Company Singapore  Pte. Ltd
Tory Burch Hong Kong Ltd
Lenzing Aktiengesellschaft
Sainsbury's Argos Asia Limited
Sportswear Company Spa
Permoda(Koaj/Armi/Pronto/Bkul)
Restoque S.A.
Babyshop
Splash
Walmart
T.T. Limited
G-Star Raw C.V.
Midas Clothing Limited
Bluestem Global Sourcing Limited
Hirdaramani International Export Private Limited
Vianney Textil Hogar S.A. De C.V.
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Grasim Industries Limited
IDH – The Sustainable Trade Initiative
Vardhman Textile Ltd
Etam Group Strategy Hong Kong Limited
Gloria Jeans
Green Fibre
Gokaldas Exports Limited
SHAHI Exports Pvt Ltd
Recron Polyester from Reliance Industries Limited
Alison Hayes Romania
Asos
Lacoste (Wanchai)
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Lifestyle
Sateri (Jiujiang) Fiber Co.,Ltd
Landmark Group
Phong Phu international JSC (PPJ)
C;&A Sourcing International Ltd
Brandix Lanka Limited
Hela Clothing Pvt Ltd
TESCO INTERNATIONAL SOURCING LIMITED
Lisa S.P.A.
MAS Active / MAS Kreeda / MAS Bodyline
Decathlon
Guess Europe Sagl,
Reiter India Private Limited
Cat Tuong Real Estate Group Joint Stock Company
Sportmaster Ltd.
KIABI
Calvin Klein
IKEA of Sweden AB
Amazon China
Puma
Arvind Limited
Boardriders Asia Sourcing Limited
Esprit Europe Services GmbH
Alix Partners
NITI Aayog
Page Industries Limited (Bangalore)
KAS Direct Sourcing
International Textile Manufacturers Federation
Chori Company Limited
John Varvatos
Benetton Group
Aramark Uniform ;& Career Apparel, LLC
Truetzschler India Private Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
THE BOMBAY DYEING ;& MFG.CO. LTD
Tommy Hilfiger
Varner AS Retail
Tchibo GmbH
Target Corporation (MN)
Under Armour Global Sourcing Ltd
Aquarelle Clothing Limited

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search