“This transaction reflects our strategic efforts to grow Delta Galil’s branded business and expand our global footprint,” said Isaac Dabah, CEO of Delta Galil.

“We are thrilled to be adding three renowned premium brands to our portfolio, as they further diversify our product offering and distribution channels, while adding significant strength to our structure. We see tremendous opportunity to expand the brands’ platform for growth through continued focus on superior quality, design and innovation.”

Acquisition

The acquisition is projected to add over US$ 300,000,000 in Delta Galil’s top line annual sales and is expected to be accretive to Delta Galil’s earnings in 2017. The newly acquired brands join Delta Galil’s prominent portfolio including P.J. Salvage, Schiesser, KN Karen Neuberger, Nearly Nude, LittleMissMatched and FIX.

VF Corporation is a leader in the design, manufacture, marketing and distribution of branded lifestyle apparel, footwear and accessories. The company’s diversified portfolio of brands spans numerous product categories, consumer demographics and sales channels. The company’s largest brands are The North Face, Vans, Timberland, Wrangler, Lee and Nautica.

Newly acquired brands

7 For All Mankind is the leader in the premium denim market. 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 US 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 colours.

Delta Galil Industries

Delta Galil Industries is a leading manufacturer and marketer of branded and private label apparel products for men, women and children.

Founded in 1975, Delta Galil develops innovative seamless apparel including bras, shapewear and socks; intimate apparel for women; extensive lines of underwear for men; activewear, sleepwear and leisurewear.

www.deltagalil.com

www.vfc.com