Israel-based Delta Galil Industries Ltd. has signed an agreement to acquire Bare Necessities, an online retailer of intimate apparel, swimwear, lingerie, sleepwear and hosiery, based outside of New York City. The company’s website sells more than 6,400 styles from some 160 brands, and is known for its wide range in sizes. Delta Galil reports the website will carry its own brands once the deal closes.
“This transaction reflects our strategic growth objective to diversify our distribution channels,” said Isaac Dabah, Delta Galil CEO. “As the digital space currently represents the fastest growing segment in our industry, we are very pleased to acquire such an authority in online intimates. Bare Necessities can significantly enhance Delta Galil’s presence in the digital world, as we continue to pursue growth online. I look forward to partnering with the senior leadership of Bare Necessities to achieve strong, profitable growth.”