Economic headwinds in Europe haven’t shaken Delta Galil Industries Ltd.’s confidence in its acquisition of German underwear maker Schiesser AG.
The Tel Aviv-based company, which specializes in performance innerwear and activewear, consummated the deal on July 2, two days after the end of its second quarter, for total consideration of 68 million euros, or $85 million. Isaac Dabah, chief executive officer of Delta Galil, told WWD, “Schiesser is doing well and growing on its own, and we’re now actively working to integrate our systems and realize the synergies that are available.”
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"