Delta Galil Acquisition Of VF Group Brand At 120 Million

Israeli women's personal clothing,

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The manufacturer, Delat Galil Industries, acquired the modern brand (Contemporary Brands) of VF group, which is worth 120 million.

The agreement includes high-end jeans.

7 For All Mankind, women's sportswear brand Splendid and Ella Moss are expected to increase the annual sales of more than $300 million for the main products of Delat Galil.

It is also expected to increase the profit of Delat Galil in 2017.

Delat Galil CEO Isaac Dabah said: "this paction reflects the growth of Delat Galil brand results and strategic expansion of our global business footprint".

"We are delighted to be able to join 3 well-known high-end brands in our portfolio, because they further diversify our products and sales channels, and add significant strength to our structure".

"We see tremendous opportunities to expand the brand growth platform through continuous focus on excellence in quality, design and innovation."

To (2015), the company significantly increased its capital expenditure to support and promote global business growth, set up factories in Vietnam, set up dyeing and finishing plants in Egypt, integrate group headquarters and invest in new offices and showrooms in New York and Israel.

The brands will join the existing portfolio of Delat Galil, including PJ Salvage, Schiesser, KN Karen Neuberger, Nearly Nude, LittleMissMatched and LittleMissMatched.

Eric Wiseman, chairman and chief executive of VF, added: "we are pleased to conclude this agreement.

Including this paction is the leader of this industry brand, talented, enthusiastic, service market motivation and unique clothing design and excellent service talents.

Wiseman added that this sales came from the decision of the company to actively and actively layout this (2016) earlier. "To ensure that VF's portfolio and our strategic objectives and positioning can maximize growth and return our shareholders.