Barington Capital Sends Letter Calling for Change at Hanesbrands

Barington Capital Group, a shareholder of Hanesbrands Inc., has called for immediate actions to create long-term shareholder value. They believe Hanesbrands' poor response to market challenges, operating performance, and excessive debt burden have led to a 51.6% decline in share price. Barington recommends reducing costs and debt, reducing inventories, and improving gross margin recovery. They also question the ability of the current board and management team to lead the company.
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Barington Capital Sends a Letter to Hanesbrands Inc -August 08, 2023 at 07:30 am EDT