Hanesbrands
Leading maker of underwear
and socks for men and women.
Headquarters:
1000 East Hanes Mill Road
Winston Salem, NC 27105
Employees: 50,000
CEO: Lee Chaden
Stock Symbol: HBI
Website:
http://www.hanesbrands.com
Career Site
Hanesbrands Inc. is a consumer goods company
that manufactures underwear and socks, including T-shirts, bras,
panties, men's underwear, kids' underwear, socks, hosiery, casualwear
and activewear. The company's brands include Hanes,
Champion, Playtex, Bali, L'eggs, Just My Size, Barely There and
Wonderbra.
Hanesbrands was spunoff from Sara Lee in
September 2006 as an independently-traded company.
Hanesbrands is the largest seller of apparel
essentials in the United States as measured by sales. In a recent
survey, Hanesbrands products could be found in eight out of 10
American households. They are sold in thousands of stores, plus
on the Web and by catalog.
The company announced in June it will close
plants and operations affecting nearly 5,000 employees in Canada,
the Dominican Republic, Mexico, and the United States and Puerto
Rico, while moving production to lower-cost operations in Central
America and Asia. In addition, approximately 350 management and
administrative positions will be eliminated, with the majority
of these positions based in the United States.
A sewing plant in Statesville, NC will
close affecting 70 employees.
History
The company's origins began in 1901 when
J. Wesley Hanes founded Shamrock Mills, a manufacturer of men's
hosiery.
In 1902, Wesley's brother Pleasant Hanes
founded the P.H. Hanes Knitting Company and introduced two-piece
men's underwear. In 1910, Shamrock Mills changes its name to
Hanes Hosiery Mill and begins to make women's hosiery. In 1920,
Hanes Knitting expands into undershirts, briefs, sleepwear and
knitted shorts.
In 1965, the brother's two companies would
merge to form Hanes Corporation, believed to be the only merger
of two companies bearing the same family name.
In 1972, L'eggs is formed as its own company
and becomes the most successful hosiery brand ever. The famous
Hanes Beefy-T shirt is launched in 1975.
In 1979, Hanes merges with Consolidated
Foods Corporation and eventually becomes part of Sara Lee.
Hanes would sign Michael Jordan in 1989
as company spokesperson.
Wonderbra made its debut in 1994.
Benefits
Hanesbrands Inc. provides a variety of
benefits that include medical, dental, vision, disability, life
insurance, retirement savings with a company match, adoption
assistance and an employee assistance program.
Updated June 30, 2007
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