Delta Galil news and archive

Delta Galil moves towards US IPO with confidential filing

Delta Galil Industries has confidentially submitted a draft registration statement on form F-1 with the US securities and exchange commission eyeing a proposed US initial public offering (IPO) of its ordinary shares. However, the company said in a statement that the number of ordinary shares to be offered, the price range for the proposed...

Business

Delta Galil delivers sales and profit growth

Delta Galil Industries recorded a third quarter sales increase of 13 percent to 524.2 million dollars, driven by growth across all channels. For the nine-month period, sales were were 1,446.4 million dollars, a 7 percent increase from the prior-year period. Reiterating full year outlook, the company said in a release that it continue to expect...

Retail

India's Reliance Retail partners with Delta Galil

Indian retailer Reliance Retail and Delta Galil, manufacturer and marketer of intimate, activewear, loungewear and denim apparel have announced a 50/50 strategic partnership in India. The company said in a release that through this partnership Delta Galil plans to expand its footprint in the growing Indian market, offering its portfolio of...

People

Delta Galil names Yaniv Benedek as CFO

Delta Galil Industries, manufacturer and marketer of intimate, activewear, loungewear and denim apparel has appointed Yaniv Benedek as chief financial officer (CFO), effective October 9, 2024. The company said in a release that Benedek, who joined the company in 2011, most recently served as CFO of Delta Israel Brands. “Yaniv’s financial and...

Business

Millie Bobby Brown to bring fashion line to UK and US through Delta Galil deal

Actress Millie Bobby Brown is preparing to bring her Florence by Mills Fashion brand to the US and UK through a new collaboration with manufacturer Delta Galil USA. Speaking on the brand, Brown, who is known largely for her role as Eleven in Netflix’s ‘Stranger Things’, said that she created the line as she felt there was no brand that offered...

Business

Delta Galil acquires lingerie brand Passionata from Chantelle Group

Delta Galil Industries has announced the acquisition of Chantelle Group’s Passionata brand. The Passionata brand will be led by Antonio Iandolo, president of Delta Textile France, the Eminence Group’s holding. The company said in a release that the brand will be managed by an international team based in France and will benefit from Delta Galil’s...

Business

Delta Galil's Q2 sales decline by 10 percent

Delta Galil Industries, Ltd. reported a sales decrease of 10 percent or 9 percent in constant currency to 443.6 million dollars, driven by the macro slowdown in global consumer spending. The company’s first-half sales were 886 million dollars, a 9 percent decrease or 8 percent in constant currency. For the full year, the company expects net...

Business

Mark Stocker joins as president of Delta Galil's branded division

Delta Galil Industries, Ltd. has appointed Mark Stocker as president of the company’s branded division, effective January 30, 2023. Stocker, the company said in a release, is a highly accomplished merchandising and product strategy executive whose previous experience includes leading the strategic vision for the apparel division of Macy’s. He...

Business

Delta Galil lowers FY outlook despite record Q3 sales

Organic Basics owner Delta Galil has lowered its full-year outlook amid “challenging economic conditions” despite reporting record sales and widening profits in the third quarter. The Israeli company posted sales of 512 million dollars in the three months ended September 30, which was 2 percent higher than the 501.1 million dollars it made a...

Business

Delta Galil snaps up sustainable Danish brand Organic Basics

Israeli textile firm Delta Galil has acquired B-Corp brand Organic Basics for an undisclosed sum. Founded in Denmark in 2015, Organic Basics makes women’s and men’s underwear, activewear, and every-day essentials using eco-friendly materials including organic cotton. Currently, more than 75 percent of the materials used to produce the brand’s...

Fashion

Adidas unveils full-range underwear collections with Delta Galil

Adidas and Delta Galil have unveiled the full-range men’s and women’s underwear collections for Adidas Originals and Badge of Sport. The new Adidas underwear collections offer a wide range of underwear separates including thongs, bikinis, briefs, trunks and boxer shorts, plus an assortment of bralettes, bramis, tank tops, bodysuits and T-shirts...

BusinessFeatured

Delta Galil updates outlook after strong Q2

Delta Galil Industries, Ltd. reported sales of 455.8 million dollars for the second quarter, a 68 percent increase from last year, with strong growth across all business segments. The company said, organic sales, excluding Bare Necessities, which was acquired in October of last year, increased by 56 percent in the second quarter. Commenting on...