(Filed Under wholesale Men's Underwear News). Delta Galil is planning to acquire Eminence SAS, which owns a prominent French men’s underwear label, a group with 2017 sales of approximately 99.0 million euros (about $117 million at current exchange rates).
Included in the deal are the brands “Eminence and ATHENA and the Italian brand Liabel. The transaction is expected to close in the third quarter of 2018 and is subject to the fulfillment of French law requirements applicable to the transfer of a company.”
According to the Delta, 87% of Eminence Group’s products are designated for men “and the remainder for women (8%) and kids and babies (5%). Most of the Group’s sales are to the French market (approximately 79% of all sales) and the remainder in Western Europe – mainly in Italy (17%) and in Belgium (3%).”
Declared Delta’s CEO Isaac Dabah, “We are very pleased to look at adding the Eminence Group to our portfolio, as it represents a dominant leader in French men’s undergarments, with strong consumer appeal. “This is a very compelling transaction for Delta that reflects our strategic efforts to expand our branded business and introduce Delta in a significant way to France and Italy where our activities to date have been small. By providing potential synergies in products, innovation and operations, we see this opportunity as a platform for growth.”
The company noted “Eminence would bring to Delta a men’s premium French brand, which has the second largest men’s underwear market share in France, with products ranging from undergarments to polo and technical shirts.”
Delta concluded that For 2019, Eminence is expected to contribute approximately €100 million of revenue and approximately $0.40 to $0.45 to Delta’s earnings per share, excluding transaction and other deal-related expenses. This transaction would accelerate Delta revenue to exceed $1.5 billion.”
Disclaimer: The views expressed in comments published on bodymagazine.us are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.
NOTE: Your Email will not be displayed.