Delta Galil acquires sustainable clothing brand Organic Basics
TEL AVIV, Israel–(BUSINESS WIRE)–Delta Galil Industries, Ltd. (DELT/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label apparel for men, women and children, as well as leisurewear, activewear and denim, today announced that acquired the Organic Basics brand and certain actives. The terms of the contract are not disclosed. Founded in Denmark by three young entrepreneurs in 2015, the digital-native brand is known for its sustainable and ethical underwear, sportswear and underwear for women and men. Delta Galil plans to bring this strong brand to consumers around the world and expand the Organic Basics product line to include items for babies and children as well as additional items for women and men. The collection will be launched globally in 2023.
“Organic Basics is a digital brand focused on sustainability and ethical production and these values align perfectly with Delta Galil’s goal of creating a more sustainable fashion industry through innovation,” said Isaac Dabah, CEO of Delta Galil Industries. “We see a significant opportunity to grow the Organic Basics brand globally, particularly in the US and Europe, and expand the product line to include items for the whole family. Our goal is to sell affordable and sustainable organic products directly to the consumer.
Certified B Corp, Organic Basics is also Global Organic Textile Standard (GOTS) certified and a member of 1% for the Planet. The brand has built a strong reputation and follows its use of certified, ethically and responsibly sourced materials, including organic cotton and natural dyes, and its commitment to minimizing its carbon footprint and impact on the planet.
Over 75% of the materials used to make Organic Basics items are plant-based, while over 15% is recycled. The brand’s assortment includes ultra-soft and comfortable women’s underwear, bralettes, sports bras, t-shirts and socks, as well as men’s underwear and t-shirts.
In recent years, Delta Galil has focused on strategically strengthening its e-commerce presence, investing in its own-brand digital offerings and strategic M&A transactions.
About Delta Galil Industries
Delta Galil Industries is a global manufacturer and marketer of branded and private label apparel for men, women and children. Since its inception in 1975, the company has continually strived to create products that follow a philosophy of body before fabric, with an emphasis on comfort, aesthetics and quality. Delta Galil develops innovative seamless apparel including bras, shapewear and socks; women’s intimate apparel; extensive lines of men’s underwear and branded men’s underwear, including Schiesser, Eminence, Athena & Liabel brands; babywear, sportswear, sleepwear such as the PJ Salvage brand and leisure wear. Delta Galil also designs, develops, markets and sells branded denim and apparel under the 7 For All Mankind® brand, and women’s apparel under the Splendid® brand. Additionally, it sells its products under brands licensed to the Company, including Wilson, adidas, Columbia, Tommy Hilfiger and others. For more information, visit www.deltagalil.com.
Source: Delta Galil Industries, Ltd.