Hanesbrands (HBI)

 

In furtherance of our efforts to execute our consolidation and globalization strategy, we are relocating portions of our manufacturing operations to lower-cost locations such as Central America, the Caribbean Basin and Asia. The process of relocating significant portions of our manufacturing and production operations has resulted in and will continue to result in significant costs and savings. As further plans are developed and approved by management and in some cases our board of directors, we expect to recognize additional restructuring costs to eliminate duplicative functions within the organization and transition a significant portion of our manufacturing capacity to lower-cost locations. As a result of these efforts, we expect to incur approximately $250 million in restructuring and related charges over the three year period following the spin off from Sara Lee, approximately half of which is expected to be noncash. This process also may result in operational interruptions, which may have an adverse effect on our business, results of operations, financial condition and cash flows.

 

 

In furtherance of our efforts to execute our consolidation and
globalization strategy, we are relocating portions of our
manufacturing operations to lower-cost locations such as Central
America, the Caribbean Basin and Asia. The process of relocating
significant portions of our manufacturing and production
operations has resulted in and will continue to result in
significant costs and savings. As further plans are developed
and approved by management and in some cases our board of
directors, we expect to recognize additional restructuring costs
to eliminate duplicative functions within the organization and
transition a significant portion of our manufacturing capacity
to lower-cost locations. As a result of these efforts, we expect
to incur approximately $250 million in restructuring and
related charges over the three year period following the spin
off from Sara Lee, approximately half of which is expected to be
noncash. This process also may result in operational
interruptions, which may have an adverse effect on our business,
results of operations, financial condition and cash flows.