Delta Galil Industries acquires Basics

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Delta Galil Acquires Sustainable Clothing Brand Organic Basics

07/26/22, 2:56 PM

Location

new york

Industry

lifestyle

retail

fashion

manufacturing

e commerce

Delta Galil Industries, Ltd. (DELT/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label apparel products for men, women and children, as well as leisurewear, activewear and denim, today announced that it has acquired the Organic Basics brand and certain assets. Terms of the deal were not disclosed. Founded in Denmark by three young entrepreneurs in 2015, the digitally native brand is known for its sustainably, ethically made women’s and men’s underwear, activewear and base layers. Delta Galil plans to bring this strong brand to consumers worldwide and to extend the Organic Basics product line to include items for babies and kids as well as additional items for women and men. The collection will launch globally in 2023.

Company Info

Company

Delta Galil Industries

Location

park avenue

New York, New York, United States

Company info

Established in 1975, Delta Galil Industries (TASE: DELG) is a global manufacturer and marketer of Private Label apparel products for men, women and children as well as owner of leading apparel and fashion brands such as 7 For All Mankind, Schiesser, PJ Salvage, Eminence, Delta and more… At Delta Galil, our experts leverage the company's vast knowledge base and core manufacturing competencies, to deliver comprehensive solutions that address the dynamic changes in the industry. Following our 'Body Before Fabric' philosophy, we place equal emphasis on comfort, aesthetics and quality. We anticipate new fashion trends and develop cutting edge technologies and fabrics, all in-house and all built on over 45 years tradition of uncompromised excellence in manufacturing, marketing and service.

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	Raised	Growth The data in the raised column shows reported funding for this location/industry over last 90 days. The data in the growth column indicates the % increase or decrease of the last 90 days vs. the previous 90 days. Please note: one or more large fundings, especially for a location/industry that doesn't historically receive much funding, can have a significant impact on the increase or decrease percentage.
new york	$4 B	-21.7%
manufacturing	$9.4 B	-6.9%
e commerce	$525 M	-84.2%
retail	$418.6 M	-84.4%
fashion	$233.3 M	26.3%
lifestyle	$135.8 M	111.7%