NEW YORK--(BUSINESS WIRE)--Delta Galil USA, the U.S.-based subsidiary of 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, said today that it has agreed to acquire
the trademarks of LittleMissMatched.
“Delta Galil
has been a great partner to us and is highly regarded throughout the
apparel industry for its spirit of innovation, attentiveness to customer
needs, and extensive global design, sourcing and distribution
capabilities. We look forward to working together to extend the fun and
creative fashion influence of LittleMissMatched.”
Founded in 2003 as a line of non-matching socks sold in odd numbers,
LittleMissMatched has evolved into an iconic lifestyle brand whose
mission is to enable girls of all ages to express their individuality
and creativity. The brand assortment currently includes apparel,
primarily socks, as well as accessories, bedding, home décor, furniture
and cosmetics. LittleMissMatched products are sold through its retail
stores and online at its website, via wholesale channels in the U.S. and
internationally, and through an extensive network of licensees. The
company is privately held.
“LittleMissMatched is one of the most innovative kids brands in the
industry and a great addition to our growing branded portfolio,” said
Isaac Dabah, CEO of Delta Galil Industries. “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.”
“We are excited to be joining Delta Galil USA,” said Andrew Arguiarro,
Vice President of Licensing and Sales at LittleMissMatched. “Delta Galil
has been a great partner to us and is highly regarded throughout the
apparel industry for its spirit of innovation, attentiveness to customer
needs, and extensive global design, sourcing and distribution
capabilities. We look forward to working together to extend the fun and
creative fashion influence of LittleMissMatched.”
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.
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. For more information,
visit www.deltagalil.com.
About LittleMissMatched
LittleMissMatched started with a very simple mission: build a brand that
is FUN, inspires CREATIVITY, embraces individual STYLE and celebrates
self EXPRESSION. In our world, socks don’t match – MATCHING is mundane –
MIXING is MONUMENTAL and COLOR is cool. While we started with socks sold
in odd numbers, we recognized that there’s and entire universe out there
who shares our passion for creativity and self expression – socks were
just the beginning. From books to bedding, PJ’s to pencils, pouches and
flip flops to furniture, we say, think “outside the socks” – you can be
a kid forever. Be BOLD, FASHION is FUN. For more information, visit www.littlemissmatched.com
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.
Contacts
Delta Galil:
U.S. Media:
Berns Communications
Group
Stacy Berns/Jessica Liddell, 212-994-4660
jliddell@bcg-pr.com
or
Israel
Media:
Nissim Douek, +972-54-5201178
Nissim@unik.co.il