Hanesbrands, which reached an agreement to divest its global Champion business and exited its U.S. outlet store network in July, is moving forward with a more focused, simplified business structure focused on the remaining brands in its portfolio. CEO Stephen Bratspies told analysts that the company has “fundamentally strengthened” itself by “creating a more focused, simplified business, one with more consistent topline growth, higher margins, [and] strong cash generation.”

In H2, the company will pay down approximately $1 billion in debt from net proceeds from the Champion transaction and internal cash generation. ... Log in to view full article.