USA: Sara Lee Branded Apparel Unveils New Name
Manufacturing giant Sara Lee's branded apparel unit will be called Hanesbrands Inc when it is spun off from the company next year.
Hanesbrands, which will be an independent, publicly traded company, will concentrate on the core Hanes brand, media reports said.
The spin-off is expected to happen between July and September 2006.
Sara Lee Branded Apparel, which is based in Winston-Salem in the US, makes underwear and sportswear.
The business has recently taken over took yarn and textile maker National Textiles, which is also located in Winston-Salem, and Asian sourcing company DFK Trading Corp.
Sara Lee is divesting itself of the branded apparel unit a part its move to concentrate on food, beverages and household goods.
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