US: Delta Galil USA acquires LittleMissMatched brand
Delta Galil USA, a subsidiary of Israel-based apparel maker Delta Galil Industries Ltd, is to acquire the LittleMissMatched children's line as part of efforts to strengthen its branded portfolio.
Founded in 2003 as a line of non-matching socks sold in odd numbers, LittleMissMatched has evolved into a lifestyle brand that includes apparel, primarily socks, as well as accessories, bedding, home décor, furniture and cosmetics.
The privately-held company sells its products through its retail stores and online at its website, via wholesale channels in the US and internationally, and through an extensive network of licensees.
"LittleMissMatched is one of the most innovative kids brands in the industry and a great addition to our growing branded portfolio," Isaac Dabah, CEO of Delta Galil Industries, said today (10 December).
"It is a perfect complement to our existing branded sock business and further strengthens our leadership position in kids intimates.
"We see significant synergies and opportunities to build on the solid foundation of the business and will be investing in the development, expansion and marketing of the brand to grow the concept further into apparel and other categories."
Delta Galil currently has a licensing agreement with LittleMissMatched for a fashion-forward collection of girls' loungewear, sleepwear and intimates to mid-tier, clubs and specialty channels of distribution.
As part of the acquisition, the senior management team of LittleMissMatched will join Delta Galil USA.
Last month the Israeli firm booked a 29% jump in third-quarter net income to US$10m. Sales grew 27% to $234m, helped by its acquisition of the Schiesser lingerie group in July and strong performances in the North American mass and upper market channels.
Italian businessman Silvio Scaglia, the founder of telecoms operator Fastweb, has acquired struggling upmarket lingerie maker La Perla following an auction at a bankruptcy court in Bologna. ...
Israel-based apparel business Delta Galil has reported a 69% increase in first-quarter net profit, boosted by higher sales in all regions....
Clothing company Perry Ellis has entered into a licensing deal with apparel business Delta Galil USA to develop, produce and distribute Original Penguin men's underwear and loungewear....
- INTERVIEW: Crystal CEO rises to the challenges
- Li & Fung: China consumption to bring major change
- Pacific Crystal Textiles gears up for production
- Innovation and e-commerce key to Nike's growth
- Growth in smart garments and wearable technology
- China apparel interns in forced labour conditions
- Adidas taps Nike designers for new creative studio
- Addressing anaemia key to Cambodia productivity
- Chinese firm to invest in Ethiopian textile plant
- Activists slam dismissals at Sri Lanka shoe firm