Eminence Group’s results were consolidated into Delta European Brands operating segment, which includes Schiesser, contributing $27.1 million to sales of the company in the third quarter of 2018. The sales growth primarily reflected strength in Delta Galil USA, Delta European Brands and Delta Israel.

The full-year 2018 sales of the company are expected to range between $1,475-$1,495 million, representing an increase of 8-9 per cent from 2017 actual sales of $1,368.1 million, said a press release from the company.

“We are pleased with the continued strength of our diversified business model, as we concluded the quarter with a 9 per cent sales increase and 10 per cent increase in EBIT, before adjustments. We saw strong performance from Delta USA and significant improvements in Delta Israel. We have a strong balance sheet, and we remain committed to investing in new products and resources to drive sustained profitable growth and long-term shareholder value,” said Isaac Dabah, CEO of Delta Galil.

“During the quarter, we focused on consolidating Eminence Group, which made a strong contribution to sales in its first quarter as part of Delta Galil, while expanding our European presence,” added Dabah.

“Also during the quarter, we signed a global licensing agreement to exclusively develop, produce and distribute Ted Baker men’s underwear, loungewear, and thermal wear worldwide, with the first collection launching Spring 2019. This represents an important step in our ongoing strategy to grow our global portfolio of premium brands,” said Dabah. (PC)

Fibre2Fashion News Desk – India