Delta's CEO Explains 7FAM Acquisition
Towards Passover (a Jewish festive holiday) Isaac Dabah, Delta's CEO and main shareholder, was interviewed to Globes, Israel's leading business magazine, and, among others, shared his thoughts regarding 7FAM acquisition. Isaac has special sentiment to denim, after acquiring in 1988 the American Jeans brand 'Gloria Vanderbilt', and successfully selling it 10 years later in 20 times doubling its original worth. Isaac was quoted saying: "7FAM is a great business move for Delta. It will leverage our global spread and diversify our portfolio."