US: Nautica in sock licensing deal with Delta Galil
The first collection is scheduled to launch for spring 2014 and will be available at Nautica retail stores, specialty, and better department stores. Prices will be US$16- $20.
"We look forward to leveraging our strength in design, product development, and innovation to continue to grow this modern American classic," said Delta Galil CEO Isaac Dabah.
Delta Galil last week raised its full-year guidance on the back of continued top-line growth, despite seeing its second-quarter profit more than halve due to higher costs of expanding its business.
THE NAUTICA BRAND SIGNS LICENSING AGREEMENT WITH DELTA GALIL FOR NAUTICA HOSIERY BUSINESS
New York, NY – August 6, 2013, – Nautica Apparel, Inc., a subsidiary of VF Sportswear, Inc., a division of VF Corporation (NYSE: VFC) today announced it has signed a new licensing agreement with Delta Galil Industries, Ltd, a global manufacturer and distributer of socks, underwear and intimates to become the licensee of men’s dress, casual and athletic socks for the Nautica brand for the US and Canada markets.
The first collection is scheduled to be launched for Spring 2014 and will be available at Nautica retail stores, specialty, and better department stores. Retail price points for packaged hosiery will be $16- $20.
"Nautica is known for offering quality, design and value, while capturing the essence of an active, adventurous and spirited lifestyle," said Isaac Dabah, CEO of Delta Galil. "We look forward to leveraging our strength in design, product development, and innovation to continue to grow this modern American classic."
“We are excited to be collaborating with Delta Galil on the development of our Casual and Athletic hosiery business," said Maria Vicari, President of Global Licensing, Nautica Apparel Inc. " Their reputation for quality products coupled with their understanding of lifestyle brands makes them an ideal partner. We look forward to a mutually successful business together.”
Founded in 1983, Nautica® is a leading global lifestyle brand ranging from men’s, women’s and children’s apparel and accessories to a complete home collection. Nautica® products are refined casual classics inspired and energized by the water that are always crisp, clean and distinct. Today Nautica® is available in more than 75 countries with 256 Nautica® branded stores worldwide. In 2003, the Company was acquired by VF Corporation, a global leader in branded lifestyle apparel with more than 30 brands, including Wrangler?, The North Face, ? Lee?, Vans?, Nautica, ? 7 For All Mankind?, Eagle Creek?, Eastpak?, Ella Moss?, JanSport?, lucy?, Kipling?, Majestic?, Napapijri?, Red Kap?, Reef?, Riders?, Splendid?, Smartwool® and Timberland®. For additional information, please go to www.nautica.com and www.vfc.com.
About Delta Galil Industries
Delta Galil Industries is a global manufacturer and marketer of branded and private label 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 socks, seamless apparel including bras, shapewear, intimate apparel for women, extensive lines of underwear for men; babywear, activewear, sleepwear, and leisurewear. For more information, visit www.deltagalil.com.
Original source: VF Corporation
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