Sara Lee Completes Hanesbrands Spin-off

Sep 07, 2006 1:27 AM  By

Food and consumer goods manufacturer/marketer Sara Lee Corp. has completed its spin-off of its apparel business. As of Sept 6, Hanesbrands trades on the New York Stock Exchange under the symbol “HBI.” Hanesbrands includes the Hanes, Champion, and Playtex underwear and casual apparel lines as well as the One Hanes Place and Just My Size catalogs and Websites.

Winston-Salem, NC-based Hanesbrands generated $4.7 billion in net sales for fiscal 2005. Sara Lee Corp. originally announced its intention to spin off Sara Lee Branded Apparel into an independent, publicly held company in February 2005.