Apparel marketer Delta Galil will expand its brands portfolio by acquiring the 7 For All Mankind, Splendid and Ella Moss brands, all of which are owned by VF Corporation.
The acquisition is projected to add over $300 million 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 brand portfolio including P.J. Salvage, Schiesser, KN Karen Neuberger, Nearly Nude, Littlemissmatched and Fix.
Founded in 2000, 7 For All Mankind now include 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 is known for its luxury knit products using soft fabrics, sexy fit and modern styling, while Ella Moss is an ultra-feminine knit tops and dresses collection featuring print and pattern-driven products in bright colours.
“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 see tremendous opportunity to expand the brands' platform for growth through continued focus on superior quality, design and innovation,” he added. (AR)
Fibre2fashion News Desk - India