The apparel company has announced Ronald L. Nelson as its new chairman of the board, effective April 23, 2019, contingent upon his re-election to the board of directors at the company's annual shareholder meeting.
Hanesbrands saw sales climb 2 percent in the third quarter ended Sept. 30, to $1.8 billion, returning to organic sales growth, for the first time in eight quarters. The firm now expects full-year sales of $6.45 billion.
Acquisitions of Pacific Brands of Australia, Champion Europe and Champion Japan contributed to the company's record performance. Hanes expects the next fiscal year to deliver another strong performance.
Pacific Brand's Bonds has tapped model Miranda Kerr to be the official face of Bonds Swim, an apparel first for the underwear maker as the international swimwear market is forecast to reach $20 billion by 2020.