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Delta Galil acquires P.J. Salvage brand
21 Jul '15
2 min read
Manufacturer and marketer of apparels Delta Galil Industries will acquire P.J. Salvage brand and other assets of California-based Loomworks Apparel, a producer and distributor of sleepwear, loungewear and intimates.
As per a Delta Galil press release, P.J. Salvage is widely known for chic style and luxury fabrics, and pioneered the crossover of bedroom fashion into loungewear and everyday wear.
“The brand’s meticulous attention to detail, superior quality, rich fabrics and flattering fit have made P.J. Salvage a favourite among celebrities and the fashion-minded,” it added.
In addition to the P.J. Salvage brand, Delta will acquire all of Loomworks’ operations, including its brand names and trademarks, intangibles, working capital and certain liabilities.
The purchased business will become part of US subsidiary Delta Galil USA, in a deal that is expected to close by the end of July 2015 and will be accretive to Delta’s earnings.
“P.J. Salvage is one of the leading brands with a style that transitions easily from nightwear to everyday wear, and is popular in key markets around the world,” said Isaac Dabah, CEO of Delta Galil.
“The acquisition of this respected brand is a further step in the growth of our branded business, and we plan to build on this opportunity to expand P.J. Salvage to high-end retailers in the US and globally,” Dabah too added.
Delta Galil Industries is a global manufacturer and marketer of branded and private label apparel products for men, women and children.
Delta Galil develops and markets innovative seamless apparel including bras, shapewear and socks; intimate apparel for women; extensive lines of underwear for men; activewear, sleepwear and leisurewear. (AR)
As per a Delta Galil press release, P.J. Salvage is widely known for chic style and luxury fabrics, and pioneered the crossover of bedroom fashion into loungewear and everyday wear.
“The brand’s meticulous attention to detail, superior quality, rich fabrics and flattering fit have made P.J. Salvage a favourite among celebrities and the fashion-minded,” it added.
In addition to the P.J. Salvage brand, Delta will acquire all of Loomworks’ operations, including its brand names and trademarks, intangibles, working capital and certain liabilities.
The purchased business will become part of US subsidiary Delta Galil USA, in a deal that is expected to close by the end of July 2015 and will be accretive to Delta’s earnings.
“P.J. Salvage is one of the leading brands with a style that transitions easily from nightwear to everyday wear, and is popular in key markets around the world,” said Isaac Dabah, CEO of Delta Galil.
“The acquisition of this respected brand is a further step in the growth of our branded business, and we plan to build on this opportunity to expand P.J. Salvage to high-end retailers in the US and globally,” Dabah too added.
Delta Galil Industries is a global manufacturer and marketer of branded and private label apparel products for men, women and children.
Delta Galil develops and markets innovative seamless apparel including bras, shapewear and socks; intimate apparel for women; extensive lines of underwear for men; activewear, sleepwear and leisurewear. (AR)
Fibre2Fashion News Desk - India
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