Delta Galil Acquires Eminence GroupThis move is an attempt to expand Delta Galil’s presence in the European market.

[Collection]Delta Galil has acquired the Eminence Group. The Eminence Group, which has the number-two market share in France, includes Eminence, a premium underwear brand for men, along with Athena and Liabel, mass-market underwear brands for men, women and kids. The transaction is expected to close in the third quarter of 2018. According to Isaac Dabah, Delta Galil’s chief executive officer, this move will help build out Delta Galil’s presence in Europe, which accounts for less than 1 percent of its business. “This allows us to expand our European footprint in the branded part of the business,” said Dabah. “The Eminence Group has been a very consistent, profitable business for the last five to six years and it’s growing. We found that there were a lot of synergies between the companies.” Eminence Group’s net sales totaled approximately 99 million euros in 2017 and 87 percent of its products are for men, with 8 percent targeting women and 5 percent for kids and babies. Almost 80 percent of sales come from the French market and 17 percent come from Italy with the remaining 3 percent coming from Belgium. The senior management will remain on staff. Dabah said the goal is to focus on improving the business in

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