Allens has advised Gildan on its sale of the HanesBrands Australasian business to an entity associated with BB Retail Capital, a global private investment firm, for approximately $700 million (subject to customary purchase price adjustments). The sale completed on 26 October 2026.
The Hanesbrands Australasia business includes a portfolio of leading consumer brands such as Bonds, Bras N Things, Berlei and Sheridan, and represents a significant transaction in the Australian retail and apparel sector. Gildan acquired the business in December 2025 as part of its acquisition of HanesBrands.
Allens advised Gildan on all aspects of the sale process, including drafting and negotiating transaction documentation and coordinating legal advisers across a number of jurisdictions. Morgan Stanley & Co. acted as financial advisor for Gildan in connection with the transaction.
'This transaction involves some of Australia's most recognised consumer brands and reflects continued appetite from private capital investors for quality Australian consumer brands at scale, even in a challenging retail environment,' lead partner Tom Story said.
The transaction builds on Allens' market-leading experience advising on recent complex carve-out transactions and major consumer sector sale processes, including BGH Capital's acquisition of Aspen Pharmacare's Asia-Pacific business and El Jannah's sale to General Atlantic.
Allens legal team
M&A and Capital Markets
Tom Story (Partner), Moussa Mourad (Senior Associate), Ganesh Ratnasabapathy (Senior Associate), Maxwell Padley (Associate), Sharanya Murthy (Lawyer)
Technology, Media & Telecommunications
Jessica Mottau (Partner), Maddison Ryan (Senior Associate), Renee Preketes (Associate)
Intellectual Property
Tracy Lu (Partner), Kristi Hewetson (Senior Associate), Joaquin Cross (Lawyer)
Employment, Industrial Relations & Safety
Sikeli Ratu (Partner), Eden Sweeney (Senior Associate), Anya Plummer (Associate) and Karie Mayman (Lawyer)
Competition, Consumer & Regulatory
Robert Walker (Partner), Edison Wang (Senior Associate), Ninad Kulkarni (Associate)
Finance, Banking & Debt Capital
David Couper (Partner), Campbell Halliday (Senior Associate), William Choules (Senior Associate)
FIRB
Jessica Choong (Partner), Jessica Liang (Senior Associate)
Real Estate
Carrie Rogers (Partner), Eva Pearson (Senior Associate)