Zoom in: There's still an opportunity for Hanesbrands to add another $300 million to its net proceeds based on "performance thresholds," according to the company's announcement. 💭 Our thought bubble: For Authentic, the deal gives it another brand in a growing empire, specifically bolstering its presence in athletic wear — while Hanesbrands is now free to focus on its undergarment business, which includes Maidenform and Bali. What they're saying: "Authentic plans to leverage its diverse and multifaceted platform of consumer verticals, along with its expertise in brand-building, to convert the Champion business into a licensed model," per Authentic's announcement. What we're watching: The deal is expected to close in the second half of this year, but it must first get past antitrust regulators, who are currently attempting to block the merger of Tapestry and Capri.