<P> The company announced the purchase of VF Corporation's intimate apparel company named Vanity Fair Intimates for $350 million in cash on January 23, 2007 . </P> <P> In 2010, Rick Medlin was named president and CEO of Fruit of the Loom . Longtime CEO John Holland became the company's chairman . </P> <P> In 2014, the company closed its Jamestown (Kentucky) plant, which had once been the second manufacturing plant in the state, and laid off all 600 employees . The company said it was moving the plant's operations to Honduras to reduce production costs . </P>

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