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Delta Galil Announces Acquisition of KN Karen Neuburger

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(SOURCE:Delta Galil, 08-31-2011)

Delta Galil Industries Ltd announces its acquisition from Russell Newman Brands of KN Karen Neuberger. The Oprah-endorsed women’s sleepwear brand joins the Tommy Hilfiger and Lucky intimates branded businesses marketed by D2 Brands, a division of Delta Galil.

 

NEW YORK, N.Y. – Tuesday, June 28, 2011 – 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, announces its acquisition, from Russell-Newman, Inc., of the assets of KN Karen Neuburger®, the lifestyle brand of women’s sleepwear, loungewear, robes, accessories and home products sold through department store channels. The brand joins both the Tommy Hilfiger® and Lucky® intimates branded businesses marketed by D2 Brands, a division of Delta Galil.

KN Karen Neuberger is known for its lovely, layered floral prints, its soft poly-cotton fabrication, and its flattering fit. Karen Neuburger formed her namesake sleepwear brand in 1994 in San Francisco, where the design team still resides. The brand received a substantial sales boost in 1997 when Oprah Winfrey prominently featured the brand on The Oprah Winfrey Show. Since the inaugural appearance, Oprah continued to feature product on her annual favorite things episodes making the brand a prominent name amongst women. Currently sold in high-end department stores, Karen Neuburger isn’t afraid to say that she has "been in bed with thousands of women," as her brand has collected an enormous fan following.

Isaac Dabah, CEO, Delta Galil Industries, Ltd., states “I’m a huge fan of the brand and I’m confident in its continued success with Delta Galil. Using our strength in fabric innovation, marketing and distribution, Delta intends to expand the Karen Neuberger brand on a global scale. We expect sales to be in the $20,000,000 range for 2012, and for this business to be accretive to the company’s profits in 2012.”

About Delta Galil Industries Ltd.

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 develops an eclectic offering of made-to-order products, including intimate apparel for women; extensive lines of underwear for men; innovative bras and socks; babywear, leisurewear and nightwear; knitted fabrics, elastic ribbons, trimmings and a variety of other basic apparel materials. Product range includes ready-to-wear, outerwear, intimate apparel.

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