7 FAM Newsletter No.4, June 2017
Image: From Splendid's line
In This Issue: Transition Date Delayed, Sales Meeting in Milan, First Quarter Results, Splendid’s loungewear
Last week we met you all to announce the delayed formal transition.
Today we are happy to share some news about 7FAM and about Delta Galil, as part of our ongoing communication towards transition.
As always - please share any thoughts or feedbacks by replying to firstname.lastname@example.org.
VP, Global HR
7FAM Senior HR Manager
Transition Date Delayed to September 1st to Support the Business
Due to business needs and the will to maintain business continuity and allow the team to focus their time and energy on sales, transition date will be delayed from July 2nd to September 1st. Our original plans as per the office move on June 26th remain as is. Until September 1st Seven FAM employees are still VF employees. This information was shared with everyone on a face to face announcement earlier this week.
If you have specific questions or concerns, please contact Fabio.
Take a sneak peek at the new offices (-:
Sales Meeting in Milan
The Pre Spring ’18 Sales Meeting took place in the new 7 for all mankind show room in Milan last week. This was a great opportunity to welcome some new members into 7fam family.
Jens Hohmann – Country Manger GAS
Renzo Vesentini – Italian Agent, owner of our new showroom, and his team
Jordi Lladro – Men Designer
All European agents
Two topics were on the agenda:
Presentation of a new marketing project “we are mankind”.
This impactful global campaign will include also a capsule edition with global products.
Presentation of the new collection.
The new collection is more compact and interesting with new fits in the line.
Making all the above happen smoothly was only possible thanks to a team effort:
Visual Merchandising team for setting the location and organizing everything
Marketing and Merchandising for the workbook and the organization
Design, Product Development and Planning for the hard work for having the garments ready for the meeting.
Delta is Expanding Splendid’s Assortment and Focusing on Loungewear
The brand, which was acquired by Delta Galil last year, will introduce a sleepwear and active line for fall.
“What makes Splendid different is its soft, premium fabrics and great fit,” said Victoria Vandagriff, president of D2 Brands, a division at Delta Galil USA, “We thought it made sense to expand that into a yoga and sleepwear line.”
The active collection, which is called Splendid Studio, includes high-waisted leggings, culottes, sports bras and knit tops that easily transition from the yoga studio to the street. The collection will launch at Dillard’s, Revolve and Anthropologie for fall. The sleepwear line will be sold at Bloomingdale’s, Lord & Taylor, Hudson Bay and Anthropologie.
These new features are an example of how Delta leverages its new acquired brands to grow its business through developing new lines of categories and products.
Delta Awarded Innovation Prize by PVH
Delta Galil's Cut &Sew Innovation division has recently won the
'2016 Product Innovation Award, for exceptional performance in new product development'.
The award was given by PVH (owner of Calvin Klein, among other brands) at the 2017 PVH Summit in Chinag Mai, Thailand.
This award represents forefront innovation, industrial leadership and product ingenuity, and sets a great message to bring on more innovative solutions.
Some of the innovation Delta has presented lately are:
Bonded men's underwear, 720 ultimate stretch and comfort (poly span)
In the picture: 2nd fm left Dorit Zino, VP Cut & Sew division together with Harel Goldstein, Supply Chain Manager, C&S division (1st on right) and PVH executives
Delta Galil Reports 2017 First Quarter Results
Sales Increased 23% to $315.7 Million, due to Strong Top-Line Growth of Delta Premium Brands.
Delta Galil reported its first quarter results (ended March 31st) for Y2017.
As per Delta Premium brands contribution, Isaac Dabah was quoted saying: " We are pleased with the continued strength of our diversified business model and particularly with Delta Premium Brands significant contribution to our first quarter sales growth'.
To learn more of the Company's quarterly results please click into our website at: http://deltagalil.com/ir/press_releases/
Isaac Dabah, CEO and Jacob Heen, CFO, during the analysts' presentation held at the Royal Beach Hotel, TLV
Isaac Dabah, CEO
Jacob Heen, CFO