HanesBrands (HBI) says management held discussions with Barington
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HanesBrands Reiterates Commitment to Shareholder Value Creation
August 8, 2023 8:00 AM EDTWINSTON-SALEM, N.C.--(BUSINESS WIRE)-- HanesBrands (NYSE: HBI) today issued the following statement in response to a letter issued by Barington Capital:
The HanesBrands Board of Directors and management team are committed to moving the Company forward with a clear priority to deliver sustainable value creation for shareholders. We regularly engage with shareholders to understand their perspectives and to share ours. Consistent with this practice, members of HanesBrands management team have held discussions with Barington over the past year, and the Chairman of our Board engaged with Barington in... More
Barington Capital Sends Letter Calling for Change at Hanesbrands
August 8, 2023 7:30 AM EDTBelieves Hanesbrands Must Immediately Focus on Reducing Costs and Debt to Create Long-Term Shareholder Value
Questions Ability of Current Board and Management Team to Effectively Lead the Business
NEW YORK--(BUSINESS WIRE)-- Barington Capital Group L.P. and its affiliates (Barington), a fundamental, value-oriented activist investor which is a shareholder of Hanesbrands Inc. (NYSE: HBI) (Hanesbrands or the Company), yesterday sent a letter to Ronald L. Nelson, Chairman of Hanesbrands, calling for immediate and decisive actions to create long-term value for shareholders.
In its letter,... More
