Delta Galil Industries, Ltd., an Israeli textile firm headquartered in Tel Aviv with plants around the world and global manufacturer and marketer of branded and private label apparel products for men, women and children, as well as leisurewear and activewear, announced signing a definitive agreement to acquire contemporary premium brands, including the businesses and brands of 7 For All Mankind, Splendid and Ella Moss from VF Corporation, an American global leader in branded lifestyle apparel, footwear and accessories.
Isaac Dabah, CEO of Delta Galil said that this transaction is their strategic efforts to grow Delta Galilâ€™s branded business and expand their global footprint. They are thrilled to be adding three renowned premium brands to their portfolio, as they further diversify their product offering and distribution channels, while adding significant strength to their structure. They see tremendous opportunity to expand the brandsâ€™ platform for growth through continued focus on superior quality, design and innovation.
The acquisition is projected to add over $300,000,000 in Delta Galilâ€™s top line annual sales and is expected to be accretive to Delta Galilâ€™s earnings in 2017. The newly acquired brands join Delta Galilâ€™s prominent portfolio including P.J. Salvage, Schiesser, KN Karen Neuberger, Nearly Nude, LittleMissMatched and FIX.
7 For All Mankind is the global leader in the premium denim market, representing the symbol of the effortless, sexy sophistication of California style. Founded in 2000, the brand now includes a full range of denim lifestyle products including sportswear, footwear, eyewear, handbags, belts and kids that complement its core business. Its products are distributed globally through high-end department stores, its own retail locations and a robust e-commerce channel.
Splendid and Ella Moss are leading U.S. premium sportswear brands focused on contemporary knit tops, with products sold through premium department and specialty stores, owned retail stores, upper market retailers and e-commerce. The Splendid brand is known for its luxury knit products using soft fabrics, sexy fit and modern styling. The Ella Moss brand is an ultra-feminine knit tops and dresses collection featuring print and pattern-driven products in bold, bright colors.
Delta Galil from their original base in Israel, in over 4 decades have established strategically located design, development and manufacturing centers spread across four continents. They employ 8,500 associates people worldwide and serve over 50 industry-leading customers in the US, UK, and Europe.
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