“During the year, we focused on consolidating the acquired Eminence Group and incorporating its brands Eminence, Athena and Liabel within the Delta Galil business. Additionally, going forward we are leveraging Eminence as a growth vehicle to expand our distribution of Delta Galil’s core products,” said Dabah while commenting on the company’s 2018 financial performance. “Looking ahead, we will continue to grow both organically and through accretive acquisitions to drive sustained profitable growth and long-term shareholder value.”
As a global manufacturer and marketer of branded and private label apparel products, Delta Galil’s sales increased 10 per cent to $1,498 billion for 2018 full year ended December 31, 2018, from $1,368 billion for 2017 full year. This huge increase in sales was supported by a 22 per cent jump in Q4 sales to $454.3 million from $371.6 million in Q4 2017.
The full-year sales of the company in 2019 are expected to range between $1.550-$1.590 billion, representing an increase of 3-6 per cent from 2018 actual sales of $1.498 billion. The full-year 2019 net income is expected to range between $64-$67 million, representing an increase of 5-12 per cent from 2018 actual net income of $60 million, the Israel-based company said. (PC)
Fibre2Fashion News Desk – India
| On 28th Sep 2021
The Asian Development Bank has approved a $250-million policy-based...
Spurred by record global imports, US cotton exports in 2020-21 were...
The Microfibre Consortium executive director Sophie Mather has...
National Institute of Fashion Technology
Campus placements are low due to lockdowns
Donating 20,000 N95 masks to hospitals & NGOs
Strongly believe in 'people first' policy.
A mono store brand, <b>Bharat Ahuja's</b> Desire Design Studio has emerged ...
Founded in 1920, Eastman is a global specialty materials company that...
Far East Knitting and Dyeing Industries LTD (FEKDIL) was established in...
Michaela Griggs & Peggy Schulz
Founded in 1929, Barco Uniforms started as an apparel company for beauty...
Since 1971, EDANA, the International association serving the nonwovens and ...
Dieffenbacher India Pvt Ltd
Germany-based Dieffenbacher Group is a producer of high-quality composites ...
Vidur Adlakha & Riccardo Bennidini
With an active presence in US, Italy and India, clothing brand La Fuori...
The creations by <b>Aprajita Toor</b> were born out of a deep desire to...
Label Raghavendra Rathore Jodhpur
Being one of the first designers to use the "Brand India" positioning for...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.