Delta Galil Industries Ltd.

DELGTASEIL0006270347₪4.8B

Investment Thesis

Earns revenue by designing, manufacturing and selling underwear, leisurewear, activewear, sleepwear, socks and premium denim, both as private-label production for retail chains and brands and under owned and licensed brands sold through wholesale, own stores and e-commerce.

Geographic Exposure

United States49.12%

Israel18.02%

Europe (excluding Germany)15.23%

Germany11.02%

Rest of the World6.6%

VietnamN/A

EgyptN/A

Revenue Drivers

Private-label apparel manufacturing

Develops, manufactures and markets underwear, leisurewear, activewear and socks for retailers and brands

CORE36.1%

Owned and licensed brand apparel

Designs, sources and markets underwear, sleepwear, hosiery and outerwear under owned and licensed brands

CORE32.9%

Branded apparel retail and wholesale

Designs and sells branded underwear, sleepwear and socks through own stores and wholesale

SIGNIFICANT17.9%

Premium denim apparel

Designs and sells premium denim jeans and apparel for women, men and children

SIGNIFICANT10.4%

Online third-party brand retailing

Buys finished branded underwear and swimwear and resells it to consumers online

PERIPHERAL2.7%

End Markets

Mass-market retail chains (Walmart, Target, Kohl's, Ross Stores)
Global apparel and sportswear brands (Nike, Skims, Calvin Klein, Spanx, Lululemon)
Department stores and specialty lingerie retailers (Macy's, Victoria's Secret)
Wholesale apparel and department-store operators
End consumers through own stores and websites

Specializations

Seamless garments and shapewearIn-licensed brand operationFranchise retail of licensed lingerie and personal-care brandsSeasonal collection development for customersReplenishment stock programmes run from own distribution centresOwn-plant manufacturing combined with subcontracting+1 more

Activities

Design and collection development
Manufacturing
Sourcing and procurement
Marketing and distribution
Retailing and e-commerce