www.jonesday.com On June 5, 2024, HanesBrands (NYSE: HBI) announced the successful execution of a definitive agreement to sell its global Champion brand to Authentic Brands Group (ABG) for a base purchase price of $1.2 billion, with the potential to increase to $1.5 billion through performancebased earn-outs. This transformational deal is designed to unlock value, accelerate deleveraging, and streamline HanesBrands’ strategic focus on its core innerwear operations. Jones Day served as legal counsel to HanesBrands, advising the company on all aspects of the sale and transaction structuring. FIRM PROFILE Jones Day is a top-tier, full-service global law firm founded in 1893 in Cleveland and now headquartered in Washington, D.C. With over 2,400 lawyers across 40 offices on five continents, it ranks among the largest and most influential law practices worldwide. The firm operates under its hallmark philosophy, “One Firm Worldwide,” ensuring seamless collaboration across borders and practices—from M&A, antitrust, and intellectual property to financial markets, cybersecurity, and ESG. It is consistently recognized for its exceptional client service, earning top rankings in BTI Consulting’s Client Service A-Team report for multiple consecutive years. Finance Monthly Deal Maker Awards 2025. USA 61
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