HanesBrands Reiterates Commitment to Shareholder Value Creation

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Go back to HanesBrands Reiterates Commitment to Shareholder Value Creation

HanesBrands (HBI) pressed to make changes by activist investor Barington Capital

August 8, 2023 10:54 AM EDT

HanesBrands (NYSE: HBI) was the latest target of activist investor Barington Capital Group. In a letter to the companys chairman Ronald Nelson, Barington called on the underwear maker to reduce cost and debt, and it questioned the ability of the companys board and management to effectively lead.

We invested in Hanesbrands because we believe in its recognized portfolio of value brands, strong distribution capabilities, and unique vertically integrated operating... More