By acquiring The Bogart group, Israeli apparel company Delta Galil wishes to expand its presence in swimwear and intimate categories. In addition to Bogart, the deal will also see Delta Galil acquire the company’s subsidiaries, lace manufacturer Brunet and padding maker B&B.
The Bogart Group is based in Hong Kong and operates the design, development and manufacturing of intimate apparel, sportswear and swimwear for brands including Victoria’s Secret, PVH, Jockey, Hans and Adore Me.
The Bogart Group had 230 million dollars consolidated sales in 2018 therefore Delta Galil expects this deal to be profitable in 2020.
“We are 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”, says Issac Dubah, CEO of Delta Galil. “This is a unique strategic opportunity, where I see great potential for Delat Galil 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”.