HanesBrands has announced plans to move its headquarters back to downtown Winston-Salem.
HanesBrands current campus at 1000 E. Hanes Mill Rd. totals nearly 500,000 square feet. Its soon-to-be home, the Park Building in downtown Winston-Salem, is less than half the size.
A statement issued by HanesBrands said the move fits the company’s strategy as it focuses on “strengthening its operating model, simplifying the business, and streamlining operations.”
Hanes recently announced plans to sell its Champion brand for over $1 billion. However, the sale was not cited as a reason for the move.
In a press release, city and county leaders applauded the company for its commitment to remaining in Winston-Salem.
Its Hanes Mill space will be occupied by Carolina University, which says it will relocate there beginning in January 2025. Hanesbrands is expected to transition to the Park Building around the same time.