A garment hanger which is suitable for packaging and merchandising intimate apparel such as ladies panties. The garment hanger is formed as one integrally molded plastic piece which includes a main body about which the apparel is folded by a pair of foldable arms which extend from opposite sides of the main body. The apparel is initially secured to the garment hanger by resilient retainer clips formed on the distal ends of the foldable arms which are initially outstretched, and then the apparel and the arms are simultaneously folded about the main body of the garment hanger. The garment hanger also includes locking tabs formed on the main body of the garment hanger which engage the folded arms, and function to retain the folded garment and arms in a folded shape which is suitable for retail display and merchandising of the apparel. A preferred embodiment includes a first pair of upper foldable arms extending from the upper corners of the main body of the garment hanger, and a second pair of foldable arms extending from the lower corners of the main body, such that first and second articles of intimate apparel can be mounted on and folded about the main body in upper and lower display positions on the garment hanger.