TEL AVIV, Israel--(BUSINESS WIRE)--Delta Galil Industries, Ltd. (DELT/Tel Aviv Stock Exchange, DELTY.PK/OTCQX), the global manufacturer and marketer of branded and private label apparel products for men, women and children, announced today that its CEO, Isaac Dabah, has been selected as “Business Leader of the Year” for 2014 by Calcalist, a leading financial newspaper based in Israel.
Calcalist annually rates the CEOs of 50 leading companies traded in the Israeli Stock Exchange TA-100 Index. The rating, completed by 100 senior executives, analysts, underwriters and investment managers in the Israeli market, is based on four criteria – reliability, consideration of shareholders, performance and transparency.
“I am honored to receive this award, and grateful to Calcalist and the investment community for recognizing Delta Galil’s accomplishments,” said Mr. Dabah. “Delta’s innovative team of associates has been the driving force in our company’s growth and success. Our employees share a spirit of integrity, creativity, curiosity and commitment – with their passion and exceptional performance leading us to 21 consecutive quarters of growth.”
Throughout Mr. Dabah’s seven years as CEO, he has transformed Delta Galil into a global producer of branded and private label intimate apparel, socks and activewear, increasing sales by 13% annually in the last five years and growing profits by 34% annually. The Company produces more than 1 million units per day for the top brands in the world, including Lacoste, Nike, Victoria’s Secret, Calvin Klein, Tommy Hilfiger, among others. Under Mr. Dabah’s leadership, Delta Galil acquired German intimates brand Schiesser. Today, the Company has the number one men’s underwear brand in Germany, Switzerland, Holland and Austria, and the number one market share in men’s and ladies intimates in Israel with the Delta brand.
“The winning companies are examined throughout the year based on their performance, salaries and the quality of their debt – and this is our opportunity to honor and thank them,” said Galit Chemi, Editor in Chief of Calcalist. “We always find that the most successful executives are not necessarily those that appear in the headlines, but those who perform their jobs quietly and bring value to their shareholders. It is not surprising that we have found those companies that are characterized by steady management and a long term strategy at the top of our list year after year, among them Delta Galil.”
About Delta Galil Industries
Delta Galil Industries is a global manufacturer and marketer of branded and private label apparel products for men, women and children. Since its inception in 1975, the Company has continually strived to create products that follow a body-before-fabric philosophy, placing equal emphasis on comfort, aesthetics and quality. Delta Galil develops innovative seamless apparel including bras, shapewear and socks; intimate apparel for women; extensive lines of underwear for men; babywear, activewear, sleepwear, and leisurewear. For more information, visit www.deltagalil.com.
About Calcalist
Calcalist is a daily, business newspaper/website which is part of the "Yedioth Aharonoth Group", Israel's largest media group. The group includes among other publications, the most read and highly influential daily in the country. You may find our Hebrew web site at www.calcalist.co.il. Calcalist has a strong and influential bearing upon public opinion in Israel. This has been noticed by a growing list of international luminaries that have kindly agreed to share their views and ideas with our readers. Amongst these are Nobel Laureates Joseph Stieglitz, Prof. Paul Krugman - whom we hosted on June 22nd 2010 in Israel - as well as Prof. Nouriel Roubini - whom we hosted on November 2009 in Israel - Britain’s former Prime Minister Mr. Tony Blair and Britain’s former Secretary of State for Business, Enterprise & Regulatory Reform Lord Peter Mandelsonn, and many others.