In a move that bolsters its men’s and branded businesses, as well as its presence in Europe, Tel Aviv-based Delta Galil Industries Ltd. has agreed to acquire Schiesser AG, a leading manufacturer and marketer of men’s, women’s and children’s underwear for the German market, for about 68 million euros, or $90 million at current exchange.
The acquisition, expected to be completed in July, will lift the buyer’s sales to about $900 million, Isaac Dabah, chief executive officer of Delta Galil, told WWD.
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?"