HanesBrands

HanesBrands is being bought by Canadian apparel company Gildan. Winston-Salem leaders say the sale doesn’t mean the company is leaving town.

Gildan Activewear is buying the struggling HanesBrands for $2.2 billion in a deal that gives the basic apparel maker access to household name brands like Hanes and Maidenform.

The Winston-Salem-based company has struggled in recent years with falling sales and higher costs.

In a notice to state officials this month, HanesBrands said the distribution center was focused on the Champion business. With its sale, the company no longer needs it.

HanesBrands is moving its headquarters back to downtown Winston-Salem as it focuses on streamlining operations.

Winston-Salem-based HanesBrands announced the sale of Champion, its athletic apparel business on Wednesday. The sale to Authentic Brands Group could be worth up to $1.5 billion.

Two major Triad manufacturers have announced plans to lay off a total of about 250 employees in April.

The closure of a distribution center in North High Point with ties to HanesBrands will result in the loss of more than 200 jobs.

Winston-Salem-based HanesBrands Inc. is making progress on sustainability goals the company hopes to reach by the end of the decade, but getting there…

HanesBrands is making a $2 million investment in historically black colleges and universities. The money is going to three schools — two that are right…