Shares of Hanesbrands Inc. HBI jumped 2.2% in premarket trading Tuesday, after the clothes and underwear seller said it is considering a broad range of alternatives for its Champion athletic-apparel business, including a potential sale. The company said it has not set a timetable to complete its review of alternatives, and there is no assurance that the review will result in any transaction. “In recent years, the executive leadership team has implemented significant structural improvements within Champion that have resulted in greater distinction between the company’s innerwear and activewear businesses,” said Chairman…
Read the full article here