US apparel group HanesBrands set to disengage from European markets
On Feb. 9, US apparel group HanesBrands, owner of labels like Champion, Playtex and Dim, announced it intends to reconsider its activity in Europe, a strategic decision aimed at “optimising the business.” Despite recording a 4.3% revenue slump in 2020, down to $6.64 billion, the North Carolina-based group still remains an interesting player. Indeed, the labels owned by HanesBrands were generally resilient last year, their business boosted by demand for athleisure apparel and