Hanesbrands Shares Surge Amid Potential $5 Billion Acquisition by Gildan

Hanesbrands stock experienced a dramatic jump of over 41% in pre-market trading on August 12, 2025, following reports of a potential acquisition worth $5 billion by Canada’s Gildan Activewear. The Financial Times states that talks between the two companies are at an advanced stage and could be finalized by the end of the week. This news comes as Hanesbrands has been struggling with the impact of tariffs and stock declines throughout 2025, making this acquisition a potential turning point for the company’s future.