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Company Directory - Hanes Brands

Company Details - Hanes Brands

Hanes Brands Logo

Hanes Brands

Website

NYSE: HBI 

Hanes Brands is a global apparel company known for its various clothing brands including Hanes and Playtex, offering a wide range of everyday essentials from underwear to activewear.

CCI Score

CCI Score: Hanes Brands

3.54

Latest Event

Ensures Severance Payment to Haitian Factory Workers

Hanes Brands intervened to secure the payment of severance funds for Haitian factory workers by requesting detailed severance information from the factory owner and providing necessary funds to avert the plant’s closure and potential worker hardship.

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OBJECTOR

Hanes Brands is currently rated as an Objector.

0 to +9 CCI Score
These companies deliberately avoid direct involvement with authoritarian practices. While they do not actively challenge oppressive regimes, they maintain a neutral stance to ensure they are not complicit in supporting such systems.

Latest Events

  • Ensures Severance Payment to Haitian Factory Workers Logo
    APR
    01
    2025

    Hanes Brands intervened to secure the payment of severance funds for Haitian factory workers by requesting detailed severance information from the factory owner and providing necessary funds to avert the plant’s closure and potential worker hardship.

  • +80

    Labor Relations and Human Rights Practices

    April 1

    Hanes Brands took proactive steps to safeguard worker rights in a vulnerable context by ensuring that severance payments were met, preventing potential exploitation and financial instability for Haitian factory workers. This responsible action aligns with strong labor relations and human rights practices.

    Hanesbrands Ensures Severance Paid to Haitian Factory Workers

  • HanesBrands Political Influence and Revolving Door Profile Logo
    FEB
    06
    2025

    OpenSecrets data reveals that HanesBrands Inc contributed $297,307 in the current election cycle and spent $120,000 on lobbying, with a notable revolving door phenomenon where 2 out of 3 lobbyists in 2023 and all lobbyists in 2024 had previous government roles. This raises concerns about undue corporate influence and potential regulatory capture.

  • -50

    Political Contributions and Lobbying Efforts

    April 1

    HanesBrands' spending on political contributions and lobbying, along with data indicating that a significant proportion of their lobbyists are former government officials, suggests an environment ripe for conflicts of interest and regulatory capture, undermining democratic accountability.

    HanesBrands Inc Profile: Summary • OpenSecrets

  • -50

    Executive Political Engagement

    April 1

    The revolving door situation, where nearly all of HanesBrands' lobbyists have held previous government positions, points to problematic executive political engagement that can compromise impartial governance and favor corporate interests over public welfare.

    HanesBrands Inc Profile: Summary • OpenSecrets

  • Blacklisting of Union Leaders at Former Jasper Factory Logo
    JAN
    13
    2025

    An investigation by the Workers Rights Council revealed that Hanesbrands (HBI) illegally blacklisted union leader employees after the closure of its Jasper factory in Honduras. The company allegedly denied rehiring opportunities to these worker leaders while offering positions to other former workers, highlighting discriminatory labor practices.

  • -70

    Labor Relations and Human Rights Practices

    April 1

    HBI's decision to blacklist union leaders and deny them rehiring opportunities, while rehiring non-union workers, reflects a discriminatory labor practice that undermines workers' rights and union representation. This action reinforces authoritarian labor practices and is strongly detrimental from an anti-fascist, pro-worker standpoint.

    Blacklisting of Workers from Former Hanesbrands Collegiate Factory (Honduras)

  • Cooperation Agreement and Board Restructuring Logo
    NOV
    20
    2023

    Hanesbrands has entered into a cooperation agreement with activist investor Barington Capital Group LP, agreeing to support board-nominated directors and appointing three new industry veterans. The move comes amid financial challenges and follows previous investor calls for changes in leadership, suggesting a shift toward enhanced corporate governance and accountability.

  • +30

    Business Practices and Ethical Responsibility

    April 1

    The agreement and subsequent board appointments indicate a proactive effort to improve corporate governance. Enhanced oversight and accountability can help ensure that the company remains responsive to shareholder concerns and operates with greater ethical responsibility, which aligns with progressive, anti-authoritarian business practices.

    Hanesbrands, activist investor James Mitarotonda reach cooperation agreement

  • +20

    Economic and Structural Influence

    April 1

    The board restructuring and the inclusion of an activist investor’s input represent a structural shift that can disperse traditional power concentrations within the company. This change may lead to improved checks and balances, fostering a more democratic governance model and reducing potential tendencies toward corporate authoritarianism.

    Hanesbrands, activist investor James Mitarotonda reach cooperation agreement

  • Hanes Brands Activist Battle Ends With Board Updates Logo
    NOV
    15
    2023

    Hanes Brands concluded a three-and-a-half-month activist standoff by agreeing to add three new board members and entering a cooperation agreement with activist hedge fund Barington Capital. The changes are intended to address concerns over board composition and corporate governance, potentially leading to improved oversight and accountability.

  • +20

    Business Practices and Ethical Responsibility

    April 1

    The board changes, prompted by activist pressure, introduce new leadership with diverse and significant operational experience. This action can be interpreted as a move toward improved corporate governance and accountability, aligning with ethical business practices that indirectly resist the centralization of power often associated with authoritarian models.

    Hanesbrands Activist Battle Ends With Big Board Updates

  • Activist Investor Pressure Spurs Calls for Board and Cost Restructuring Logo
    AUG
    08
    2023

    Activist investor Barington Capital Group pressured Hanesbrands to reduce costs, cut $300 million in annual expenses, and restructure its debt profile by advocating for board refreshment and even considering a new CEO. Hanesbrands, while affirming its current growth strategy, resisted changes to its board.

  • -30

    Business Practices and Ethical Responsibility

    April 1

    Hanesbrands' reluctance to adopt the activist investor's recommendations—particularly regarding board refreshment and aggressive cost cutting—suggests an adherence to entrenched corporate practices that may prioritize short-term financial metrics over the long-term interests of workers and broader stakeholder accountability.

    Hanesbrands faces activist pressure from Barington Capital Group

  • -20

    Economic and Structural Influence

    April 1

    The call for significant debt reduction and operational restructuring underscores a push towards financial engineering that may ultimately lead to decisions harmful to long-term employment stability and community interests. The company's resistance to these externally imposed changes reflects a structural rigidity that resists reform.

    Hanesbrands faces activist pressure from Barington Capital Group

  • Hanesbrands Inc Spends $560k on Lobbying in 2023 Logo
    JAN
    01
    2023

    Hanesbrands Inc reportedly spent $560,000 on federal lobbying activities in 2023, as documented by OpenSecrets. This spending is seen as an effort to influence policy in ways that may prioritize corporate interests over democratic accountability.

  • -40

    Political Contributions and Lobbying Efforts

    April 1

    The reported $560,000 spent on lobbying in 2023 by Hanesbrands Inc raises concerns about corporate influence in political processes. From an anti-authoritarian perspective, using significant funds to shape policy may undermine democratic transparency and accountability, favoring corporate interests over the public good.

    Hanesbrands Inc Lobbying Reports • OpenSecrets

  • HanesBrands Ensures Severance Payment to Garment Workers Logo
    AUG
    31
    2022

    In August 2022, following the closure of its supplier factory GO Haiti, HanesBrands intervened to provide $330,000 in severance payments to over 800 garment workers, ensuring they received nearly three months of pay and upholding labor rights within its supply chain.

  • +80

    Labor Relations and Human Rights Practices

    April 1

    HanesBrands proactively ensured that 827 of 835 garment workers received their legally due severance payments following the closure of the GO Haiti factory. This action not only protected vulnerable worker rights but also countered widespread industry practices of severance theft, demonstrating a positive commitment to labor relations and ethical responsibility.

    HanesBrands Pays Garment Workers $330,000 in Severance

  • HanesBrands Enhances Supply Chain Transparency and Labor Practices Logo
    JAN
    01
    2012

    HanesBrands issued a comprehensive compliance statement under the California Transparency Act detailing its efforts to evaluate and address risks of forced labor, human trafficking, and slavery. The company describes rigorous internal and third‑party audits, supplier certifications, and continuous training for employees on supply chain management, reflecting robust measures to protect labor rights and maintain ethical sourcing standards.

  • +80

    Labor Relations and Human Rights Practices

    April 1

    HanesBrands demonstrates strong commitments to labor rights by instituting comprehensive audits and internal accountability measures to mitigate risks of forced labor, human trafficking, and slavery. These practices reflect proactive efforts to protect worker rights and ensure safe, fair labor conditions.

    CA Transparency Act

  • +85

    Supply Chain Ethics

    April 1

    The company’s proactive verification of its supply chain through independent, unannounced audits, supplier certifications, and detailed internal procedures exemplifies a strong commitment to ethical sourcing practices and transparency, reducing the risk of human rights abuses.

    CA Transparency Act

Corporate Financials

Revenue
2022
$6.30B
Total Assets
2022
$4.50B
Operating Income
2022
$350.00M
Total Equity
2022
$2.20B

Industries

448190
Other Clothing Stores
315240
Women’s Clothing Manufacturing
424330
Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers
315220
Men's and Boys' Cut and Sew Apparel Manufacturing