Delta Galil news and archive

Ted Baker signs licensing agreement with Delta Galil

British brand Ted Baker and Israeli textile firm Delta Galil are joining forces. The two companies have signed a licensing agreement to allow Delta Galil to develop, produce and distribute men’s underwear, loungewear and thermal wear for Ted Baker worldwide. “We are very excited to partner with the brand and expand it into new categories. This...

People

Delta Galil Premium Brands gains Tim Baxter as new CEO

Delta Galil Industries Ltd. just announced a new chief executive officer of Delta Galil Premium Brands. Hailing from his previous position as chief merchandising officer of Macy's Inc., Tim Baxter is set to step in for the head role. He will now oversee Delta Galil's brands such as Seven For All Mankind and Splendid. “We are very pleased to...

Management

Delta Galil reports 23 percent rise in Q1 sales

Delta Galil Industries, Ltd. has recorded sales of 315.7 million dollars for the first quarter of 2017, a 23 percent increase compared to 256.7 million dollars for the same quarter last year. The company said, this increase was primarily driven by the addition of Delta premium brands. Operating profit excluding one-time items amounted to 12.9...

Business

Delta Galil to acquire Eminence Group, prominent underwear player in France

Israeli textile firm Delta Galil Industries Ltd. announced that it has signed an option to acquire Eminence SAS and its subsidiaries, known as the Eminence Group. The group manages underwear brands Eminence and Athena in France and the Italian underwear brand Liabel. Delta Galil said in a press release that it expects the transaction to close in...

Management

Delta Galil reports 16 percent sales growth in FY17

Delta Galil reported sales of 371.6 million dollars for the fourth quarter of 2017, compared with 376.3 million dollars for the same quarter last year, representing a 1 percent decrease. Sales for the 2017 full year increased 16 percent to a 1,368.1 million dollars against the previous year. Operating profit was 32.5 million dollars, a 1 percent...

Management

Delta Galil Q2 sales jump 36 percent

Delta Galil Industries reported sales of 340.5 million dollars for the second quarter of 2017, a 36 percent increase from 249.5 million dollars for the same quarter of 2016. Excluding Delta Galil Premium Brands (DGPB), sales increased by 9 percent. The company’s sales for the first six months of 2017 were 656.1 million dollars, up 30 percent...

Management

Delta Galil posts 23 percent rise in Q1 sales, net income falls

Delta Galil Industries sales for the first quarter ended March 31, 2017 of 315.7 million dollars increased 23 percent compared to 256.7 million dollars for the same quarter last year. The company said, increase was primarily driven by the addition of Delta Premium Brands. “We are pleased with the continued strength of our diversified business...

People

Delta Galil confirms its search for a new CEO

As Paula Schneider stepped down as chief executive officer this past week, Delta Galil is wasting no time on finding a replacement. The company has confirmed that it is searching for a new CEO effective now. Schneider left her position after serving approximately six months at the company. Coming as the chief executive officer of ill-fated...

Report

Paula Schneider parts ways with Delta Galil

After barely serving for over six months as the chief executive of DG Premium Brands division under Delta Galil, Paula Schneider has decided to part ways with the company, reports Modaes.es. Schneider had joined the Israeli group from American Apparel, to drive businesses of brands such as 7 For All Mankind , Splendid and Ella Moss. Before...

People

Paula Schneider steps down as CEO for Delta Galil Premium Brands

After being named chief executive officer of DG Premium Brands less than a year ago, Paula Schneider is effectively stepping down from her role. As the former CEO of American Apparel, Schneider seemed to switch to the new company with her extensive fashion and retail experience. Last October, it was announced that she would take the position at...

Report

Delta Galil reports strong sales and profit growth in Q3

Delta Galil reported sales of 296.6 million dollars for the third quarter of 2016, compared to 284.6 million dollars for the same quarter last year, representing a 4 percent increase. Sales for the first nine months were up 1 percent to 802.8 million dollars compared to 792.9 million dollars in the same period of 2015. The company declared a...

Business

Delta Galil makes major layoffs after acquiring brands

Delta Galil Industries, Ltd. recently just completed its acquisition of three apparel brands from VF Corporation. After taking over the companies, the leading manufacturer for apparel products has announced that it will have layoffs for 65 current employees. The announcement was made on Sept. 8, as reported by Apparel News, where employees from...