Tuesday’s rumors of Gildan’s first big move since its protracted proxy battle were confirmed Wednesday morning when the activewear manufacturer announced it has agreed to buy Hanesbrands for $2.2 billion in cash and stock.

The Japanese sportswear brand continued its momentum in the second quarter, growing sales 16% to ¥194,485 million ($1,346.0 mm) from ¥168,097 million, and net income by 42% to ¥21,959 million ($152.0 mm) from ¥15,482 million.

The Berkshire Hathaway-owned running company said revenues were up 19% to a new record, powered by at least double-digit growth in every region and channel, including a 13% improvement in North America.

The Hydro Flask and Osprey Pack parent appointed G. Scott Uzzell as its new CEO, effective Sep. 1, succeeding Brian Grass, the company’s CFO, who has been serving as interim CEO.

The Eager Beavertons filed suit in Cen. CA district court against fashion and lifestyle retailer Juice Los Angeles, and its owner, Edison Chen, who also created the streetwear brand CLOT.

The Pilates brand’s complaint last year and subsequent section 337 investigation by the International Trade Commission has resulted in an exclusion order prohibiting the import of exercise equipment that infringes on its patents.