Bogart Group to be bought by Israeli company
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Israeli apparel group Delta Galil Industries is to buy Hong Kong-headquartered intimate apparel maker Bogart Group.
Delta Galil is a global manufacturer and marketer of branded and private label apparel products for men, women and children, as well as leisurewear, activewear and denim.
Bogart designs, develops and manufactures fashion bras, sportswear and swimwear and is a strategic partner with global brands including Victoria’s Secret, Jockey, Adore Me, Vanity Fair and Hanes.
Delta Galil will also acquire Bogart’s subsidiaries Brunet, a lace manufacturer, and B&B, a leading padding manufacturer.
Last year, Bogart achieved sales of US$230 million. The deal, announced today, is expected to close at the beginning of the third quarter.
“Expanding our footprint in the bra category has been a long-term goal for Delta Galil,” said Isaac Dabah, CEO of Delta Galil. “This is a unique strategic opportunity, where I see great potential for Delta to leverage Bogart’s strong market position to further build its company, while also helping Delta’s business units expand to the next phase of growth.”
Founded in 1975, Delta Galil designs, develops, markets and sells branded denim apparel under the brand 7 For All Mankind, ladies apparel under the brand Splendid and a raft of lingerie and clothing for all ages.
Questions & Answers
Q.Which specific companies will Delta Galil acquire as part of this deal?
Which specific companies will Delta Galil acquire as part of this deal?
Delta Galil will acquire Bogart Group, along with its subsidiaries Brunet, a lace manufacturer, and B&B, a leading padding manufacturer. This expands their reach in intimate apparel components.
Q.What was Bogart Group's financial performance last year before this acquisition?
What was Bogart Group's financial performance last year before this acquisition?
Last year, Bogart Group achieved sales of US$230 million. This figure highlights the company's significant market presence prior to the deal being announced.
Q.What is Delta Galil's stated strategic reason for acquiring Bogart Group?
What is Delta Galil's stated strategic reason for acquiring Bogart Group?
Delta Galil's CEO, Isaac Dabah, stated that expanding their footprint in the bra category has been a long-term goal. He sees potential to use Bogart's market position for growth.
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