TEL AVIV, Israel–(BUSINESS WIRE)–Delta Galil Industries, Ltd. (DELT/Tel Aviv Stock Exchange,
DELTY.PK/OTCQX), the global manufacturer and marketer of branded and
private label apparel products for men, women and children, today
announced that its wholly owned subsidiary, Delta Galil USA, Inc., has
signed a long-term licensing agreement with Calvin Klein, Inc., a wholly
owned subsidiary of PVH Corp., to develop, produce and distribute boys
and girls underwear, sleepwear and socks for the brand.
As part of the initial 5 years of the agreement that is to begin January
1, 2018, Delta Galil will have the exclusive wholesale right to market
the Calvin Klein master brand boys and girls underwear, sleepwear and
socks through department and specialty stores in the United States and
“Calvin Klein has represented one of the most iconic brands for nearly
50 years, and it is a true honor to partner with them particularly in
their renowned underwear and intimate apparel categories,” said Isaac
Dabah, CEO of Delta Galil. “This represents an important step for Delta
Galil in our ongoing strategy of enhancing our branded portfolio and
broadening our presence in the premium sector.”
About Delta Galil Industries
Delta Galil Industries is a global manufacturer and marketer of branded
and private label apparel products for men, women and children. Since
its inception in 1975, the Company has continually strived to create
products that follow a body-before-fabric philosophy, placing equal
emphasis on comfort, aesthetics and quality. Delta Galil develops
innovative seamless apparel including bras, shapewear and socks;
intimate apparel for women; extensive lines of underwear for men;
babywear, activewear, sleepwear, and leisurewear. Delta Galil also
designs, develops, markets and sells branded denim apparel under the
brand 7 For All Mankind®, and ladies apparel under the brands
Splendid® and Ella Moss®. For more information, visit www.deltagalil.com.
About Calvin Klein, Inc.
Calvin Klein is a global lifestyle brand that exemplifies bold,
progressive ideals and a seductive, and often minimal, aesthetic. We
seek to thrill and inspire our audience while using provocative imagery
and striking designs to ignite the senses.
Founded in 1968 by Calvin Klein and his business partner Barry Schwartz,
we have built our reputation as a leader in American fashion through our
clean aesthetic and innovative designs. Global retail sales of Calvin
Klein brand products exceeded $8 billion in 2015 and were
distributed in over 110 countries. Calvin Klein employs over 10,000
associates globally. We were acquired by PVH Corp. in 2003.
With a history going back over 135 years, PVH has excelled at growing
brands and businesses with rich American heritages, becoming one of the
largest apparel companies in the world. We have over 30,000 associates
operating in over 40 countries and over $8 billion in annual revenues.
We own the iconic Calvin
brands, and market a variety of goods under these and other nationally
and internationally known owned and licensed brands.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
“anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and
similar expressions identify such forward-looking statements. Actual
results, performance or achievements could differ materially from those
contemplated, expressed or implied by the forward-looking statements
contained herein, and while expected, there is no guarantee that we will
attain the aforementioned anticipated developmental milestones. These
forward-looking statements are based largely on the expectations of the
Company and are subject to a number of risks and uncertainties. These
include, but are not limited to, risks and uncertainties associated
with: the impact of economic, competitive and other factors affecting
the Company and its operations, markets, product, and distributor
performance, the impact on the national and local economies resulting
from terrorist actions, and U.S. actions subsequently; and other factors
detailed in reports filed by the Company.