They believe that the successful execution of their reorganization plan will return Delta Galil to profitability."
Lautman concluded, "Delta is a Company that offers its customers innovations in fashion and technology.
This creativity, together with years of industry experience and the reputation they have developed over the years among the leading customers in the world, have enabled us to prudently address the difficult business environment of the past year and develop a solid restructuring plan that management believes puts Delta Galil back on the path to profitability."
Delta Galil is a leading global manufacturer of quality apparel sold under brands such as Calvin Klein, Hugo Boss, Nike, Ralph Lauren.
Recognized for product innovation and development, Delta's products are sold worldwide through retailers including Wal-Mart, Marks & Spencer, Target, Victoria's Secret, JC Penney, Hema, and others.
Delta Galil Industries Ltd