NEWS FROM THE WIRES |
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Delta Galil to shut factory, lay off 200 Jul 30 2001 05:23 AM PDT
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PROFILE |
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Delta Galil is unusually concerned about the bottom line. A maker of private-label and licensed underwear, it sells its upscale fashions in the US, Israel, and Europe. Men's and women's underwear make up some 60% of its sales. Delta Galil also sells socks, baby wear, and leisure wear. The UK's Marks & Spencer accounts for more than half of its revenues. Other customers include J. C. Penney, Victoria's Secret, and Wal-Mart. It expanded into mass merchandisers by purchasing US underwear makers Wundies and Inner Secrets. The firm has low-cost plants in Egypt, Jordan, and Turkey; it also has facilities in Israel, Scotland, and the Dominican Republic. Founder Dov Lautman owns 36% of the company; Sara Lee owns about 25%.
COMPETITION |
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STOCK ANALYSIS |
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FURTHER ANALYSIS
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 434.40
1-Yr. Sales Growth: 22.3%
Employees: 6,326
Revenue per employee: $68,668.99
KEY PEOPLE |
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Arnon Tiberg
CEO
Aviram Lahav
CFO
CONTACT INFO |
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2 Kaufman St., Textile Bldg.
Tel Aviv 68012, Israel
Phone: 972-3-519-3636
Fax: 972-5-519-3705
Online: Web Site
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