Leading accoutrement retailer, Hanesbrands Inc. (HBI) has appear the takeover of the underwear accoutrement chain, Maidenform Brands Inc. (MFB), for about $575 million.
The buyout is in accordance with HBI’s accretion strategy. Maidenform sells affectionate apparel, which forms a amount class of Hanesbrands.
The average-figure bra business of Maidenform targeting adolescent buyers complements Hanesbrands’ full-figure bra business targeting earlier women. Moreover, Maidenform’s accepted shapewear class fits in actual able-bodied with Hanesbrands accustomed panty business.
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