Tel Aviv - Delta Galil is expanding its presence in the profitable fashion bra and swimwear categories with the acquisition of Hong Kong-based intimate apparel manufacturer, The Bogart Group.
Vertically integrated Bogart designs and manufactures fashion bras, as well as intimate apparel, sports and swimwear. The company is described as a preferred strategic partner for some worldwide leading brands such as Victoria’s Secret, PVH, Jockey, Adore Me, Vanity Fair and Hanes.
In addition to The Bogart Group, Delta Galil will acquire the company’s subsidiaries Brunet, a lace manufacturer; and B&B, a padding manufacturer.
With $230 million in consolidated sales in 2018 for The Bogart Group, Delta Galil said it expected the deal to show a profit in the second half of 2019 and to be accretive to earnings in 2020. The acquisition is expected to close in the beginning of Q3.
“We’re very pleased to be adding The Bogart Group to our strong portfolio of intimate apparel, as expanding our footprint in the bra category has been a long-term goal for Delta Galil,” said Isaac Dabah, CEO of Delta Galil. “This is a unique strategic opportunity, where I see great potential for Delta to leverage Bogart’s strong market position to further build its company, while also helping Delta’s business units expand to the next phase of growth.”
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. Delta Galil also designs, develops, markets and sells branded denim apparel under the brand 7 For All Mankind, and ladies apparel under the brand Splendid.