News Letter No.1, March 2017

My dear partners at Stabio,

 
During the last few months, I had the privilege to meet you both in person and as a group.
 
The acquisition of 7 FAM was a part of a business strategy but mostly, it is another step of adding great colleagues to the Delta Family.
 
We have a lot in common – a love for fashion, a hunger for success and most of all – a group of talented people. I know Delta will gain tremendously from this business initiative and together we will grow the business.
 
I am happy to establish another platform of direct communication – a routine newsletter. I welcome your thoughts and suggestions.
 
I look forward to a continued dialogue between us.
 
Yours,
 
Einat Amitay
VP, Global HR

7 FAM NEW OFFICES,
DESIGNED TO FIT YOU

 
Transition to Seven FAM new offices, 1'100 sqm in Mendrisio Solis Center in front of Fox Town, is expected by July 1st.
 
The location is central (300 mt from the train station), and has various facilities such as a shower, break areas, tables and microwave oven for lunch breaks and 60 parking spots.
 
The interior design is made by Paulo Ricatti, who did an amazing job designing Diesel headquarters and Delta Galil's HQ's in Israel.
 
Prior to the design process, a needs assessment was conducted with 7 FAM employees to insure the work environment will be fun, comfortable and creative. We are also checking options with local restaurants for a good and affordable lunch as well as discounts at local gyms.
 
Our aim is to make all feel at home.
 
You are welcomed to visit the new offices and witness the progress firsthand.
seven3
seven3
seven2
seven2

EMPLOYEES TRANSITION

 
On February 22nd VF HR team alongside VP Global HR for Delta Galil announced Seven Swiss based employee about the anticipated transition, including Geneva retail.
 
The meeting in Stabio, that was aligned and prepared by both parties, consisted of a formal announcement and a chance to ask questions and express concerns. Employees were informed that no changes are to be made in the existing contractual compensation and benefits. Since all contractual benefits remain unchanged, there will be no need to sign a new contract. Similar announcement was made in the Netherlands and in the next few weeks 7 FAM employees would all be aware of the transition.
 
The transition is anticipated to be completed by July 1st.
 
We are also happy to announce that a new HR manager will join Stabio office on behalf of Delta on the beginning of April, to become a permanent address to all HR related issues.

SELECTED Q&A

 

Hereby enclosed answers to some of the questions you raised:

 

  1. Vacation day's accruals will be transferred with you to Delta Galil.
     

  2. Email Management – your email correspondence will be managed with a "follow me" system for the first 30 days after transition. If a longer period is required, we will act accordingly.
     

  3. Flexibility of working hours will remain the same (annual monitoring).
     

  4. Home working scheme pilot will continue by end of 2017.

 

Answers to further questions that we received will be provided in the following weeks.

7 FAM ACQUISITION AT THE ANALYSTS QUARTERLY PRESENTATION

 
As a part of Delta's quarterly results presentation to analysts in November 2016, the Company shared with them the acquisition of 7 FAM, Splendid and Ella Moss and its impact on the Company's future growth.
Towards the presentation two semi-stores were built with great help from Ilenia Bizzaro.

WELCOME ABROAD

LISA GIACHETTI –
FINANCE DIRECTOR
Lisa Giachetti recently joined 7 FAM as Finance Director. Lisa came from True Religion Brand Jeans, where she was Director of Finance & Operation. Lisa will be leading the Seven FAM finance team.

HEAJUN  PARK –
DESIGN DIRECTOR
Heajun joined 7 FAM a few weeks ago,
and will relocate to Switzerland in a few months.
Prior to 7 FAM she was a Senior Designer at J Brand,
and brings extensive experience from Charlotte Ronson, Calvin Klein  and more

NEW IT SYSTEM

 
M3 was recently chosen to serve as 7 FAM ERP system. Delta Galil IT team works along with Seven FAM IT team to make sure system handover is done smoothly. This challenging project is led by Simone Meniccati, with the great assistance of his team, including: Marta Bollini, Amy Jenkinson, Carlota Maffi, Jacek Kowalczyk and Giancarlo Cotaramusino.
 
 

NEW WAREHOUSE

 
Bleckmann was chosen to provide warehouse, storage, transportation and customer service services for the e-commerce. The new warehouse will be located at the Netherlands. This process is led by Jacek Kowalczyk.

DELTA PRESENTS STRONG FINANCIAL RESULTS FOR Q4 2016

 
On February 23rd, Delta presented its 2016 financial results in Tel Aviv. Operating profit increased 24% to all-time record of $85.3 Million, on sales of $1,179.2 Million. Sales on the 4th quarter increased 31% to $376.3 Million. Operating profit in the 4th quarter increased 80% to 32.3 Million. Isaac Dabah, Delta Galil's CEO indicated that Premium Brands acquisition (including 7 FAM) is one of the reasons for having the year- over- year increase by adding to the Company's diversified portfolio with its strong global presence.

WORKSHOP ON POSITIVE PSYCHOLOGY – COMING SOON

 
We are delighted to update that the Company decided to hold a Positive Psychology workshop to all associates at Stabio.
This seminar is part of the HR special program "Be Yourself" that has been implemented in Israel. The program puts the associate in the heart of the Company's well-being activities.  
The positive psychology workshop focuses on human growth, emphasizing the importance of having a sense of meaning and satisfaction in life. It is based on the belief that people naturally aspire to live a meaningful and fulfilling life, to cultivate what is best within themselves, and to enhance their experiences of love, work and play. 
As a business company, it is important for us to have satisfied associates, knowing they are maximizing their abilities, expressing their strengths and assisting in bringing about positive change and growth to the company.
Implementation will be held in three groups as a day workshop and will be hosted by Maytiv group, a well-known consulting group specializing in Positive Psychology.
This workshop was already implemented with several groups in Israel and at Delta UK. The feedbacks are wonderful. We believe each participant will benefit from this seminar, both personally and professionally.
  • Facebook - Grey Circle
  • Instagram - Grey Circle
  • YouTube - Grey Circle

LEARN MORE ABOUT DELTA GALIL

www.deltagalil.com
Our heritage, portfolio and management team.
www.worldofdelta.com 
A glance on our major assets: people, innovation and globalization.
www.csr.deltagalil.com 
Our Corporate Responsibility approach including our Code of Ethics and GRI reports
 
Alive and vivid
Fashionable and fun
https://www.youtube.com/user/deltagalilltd 
videos from the world of Delta Galil and our various brands.

And this one's for you:

THANK YOU
FOR TAKING THE TIME
STAY IN TOUCH!