Hanes Brands to merge with Maidenform

7:08 AM, Jul 26, 2013   |    comments
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WASHINGTON, DC (WUSA) -- They are two of the biggest manufacturers of women's under garments.

Now, Hanes Brands, the maker of the Wonderba has agreed to buy Maidenform for about $550 million.

The merger comes at a time when traditional bra makers face stiff competition from companies like Victoria's Secret and Spanx.

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