Splendid news and archive

Splendid to launch socks with Majesty Brands

Los Angeles-based lifestyle brand Splendid, known for its ultra-soft essentials, has signed a licensing partnership with Majesty Brands, which specialises in designing, manufacturing and distributing socks, slippers, sleepwear and intimates to expand into the sock category. The licensing deal will see Majesty Brands manufacture and distribute...

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Delta Galil's Q2 sales decline by 10 percent

Delta Galil Industries, Ltd. reported a sales decrease of 10 percent or 9 percent in constant currency to 443.6 million dollars, driven by the macro slowdown in global consumer spending. The company’s first-half sales were 886 million dollars, a 9 percent decrease or 8 percent in constant currency. For the full year, the company expects net...

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Delta Galil Premium Brands gains Tim Baxter as new CEO

Delta Galil Industries Ltd. just announced a new chief executive officer of Delta Galil Premium Brands. Hailing from his previous position as chief merchandising officer of Macy's Inc., Tim Baxter is set to step in for the head role. He will now oversee Delta Galil's brands such as Seven For All Mankind and Splendid. “We are very pleased to...

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Business

VF Corp. sells off 7 For All Mankind, Splendid and Ella Moss

London - VF Corporation is set to shed its contemporary brand business as the US company seeks to maximize its growth by cutting its poorly performing brands and focusing in its core brands. The company announced on Thursday it had signed a definitive agreement to sell brands 7 For All Mankind, Splendid and Ella Moss to Delta Galil Industries...