Cathaleen Chen is Retail Correspondent at The Business of Fashion (BoF). She is based in New York and drives BoF's coverage of the retail and direct-to-consumer sectors. Prior to BoF, Cathaleen was a consumer reporter for TheStreet and covered real estate for The Real Deal. She graduated from Northwestern University with a degree in journalism.
As part of a strategic review, for which HanesBrands has tapped Goldman Sachs as an advisor, its board will consider a range of options, including a strategic transaction as well as continuing to operate the brand.
The platform, which powers peer-to-peer transactions of everything from toys and TVs to industrial equipment and handbags, is launching a new fashion consignment service that will connect users with expert sellers to list and sell pre-owned pieces on their behalf.