Fashion
Israel’s Delta Galil posts record $2.12 bn sales in 2025 on DTC push
The gross profit expanded 5 per cent to a record $900.3 million from $856.3 million, while gross margin improved 60 basis points (bps) to 42.5 per cent. The improvement was driven by a higher DTC mix, operational efficiency gains across manufacturing facilities and favourable exchange-rate movements, partly offset by US tariff impacts.
Delta Galil has reported record 2025 sales of $2.12 billion, up 4 per cent, driven by DTC growth and organic expansion.
Gross profit rose 5 per cent, while EBIT and net income declined due to tariffs and higher expenses.
Q4 sales reached $611.1 million with strong digital momentum.
The company declared a $10 million dividend and expects high-single-digit sales and double-digit profit growth in 2026.
Operating profitability moderated despite revenue growth. EBIT excluding non-core items declined to $174.2 million, representing 8.2 per cent of sales, compared with $184.1 million or 9 per cent in 2024. Reported EBIT stood at $164.4 million versus $169.2 million previously, reflecting tariff effects and increased SG&A expenses linked to retail expansion initiatives, Delta Galil said in a press release.
Net income excluding non-core items decreased 5 per cent to $102.6 million, while reported net income reached $93.7 million compared with $94.6 million in the prior year. Diluted earnings per share (EPS) excluding non-core items were $3.55, down from $3.82, with reported EPS at $3.21.
EBITDA excluding IFRS 16 stood at $209.1 million compared with $217.1 million in 2024. Cash flow from operating activities excluding IFRS 16 amounted to $131.8 million, versus $153.1 million a year earlier.
Financial position remained strong at year end, with cash of $135.8 million and record shareholders’ equity of $903.6 million. Net debt to EBITDA excluding IFRS 16 increased to 0.9x from 0.6x, reflecting ongoing investment in production capacity and distribution infrastructure.
“I am proud of our performance throughout 2025, which reflects the strength and commitment of our team, the resilience of our balance sheet, our culture of continuous improvement, and the power of our global platform. Together, these fundamentals give us confidence that we are well positioned for another year of profitable growth,” said Isaac Dabah, CEO of Delta Galil.
In the fourth quarter (Q4) of 2025, sales rose 2 per cent YoY to a record $611.1 million from $599.2 million. DTC sales of owned brands, excluding Bare Necessities, advanced 15 per cent in both the quarter and full year, while own-web sales surged 27 per cent in the quarter, marking the twelfth consecutive quarter of double-digit growth.
The gross profit in Q4 climbed 5 per cent to $263.2 million, with gross margin expanding 140 bps to 43.1 per cent. EBIT excluding non-core items declined to $59.3 million from $64.7 million, while reported EBIT reached $51.1 million versus $53.1 million a year earlier. Net income excluding non-core items dropped 13 per cent to $35.5 million, and reported net income stood at $28.0 million. Operating cash flow excluding IFRS 16 strengthened to $89.5 million from $64.3 million, reflecting improved working-capital dynamics.
Delta Galil declared Q4 dividend of $10 million, or $0.3825 per share, payable on March 11, 2026.
“Our fourth quarter capped an outstanding year of execution in what has been a challenging retail environment. We successfully navigated the impact of US tariffs, expanded programmes with key global customers, and delivered record sales driven by organic growth across most of our channels, geographies, and product lines. At the same time, we continued to make strategic investments in our factories and distribution centers to improve efficiencies, which enhanced our operations, brands and capabilities,” added Dabah.
Looking ahead, Delta Galil expects continued growth momentum in 2026 and guided for sales of $2.29-$2.33 billion, EBIT of $204-212 million and EBITDA of $324-332 million, alongside net income of $116-123 million and diluted EPS of $4-4.23, signalling high-single-digit revenue growth and double-digit profitability expansion compared with 2025.
Fibre2Fashion News Desk (SG)
Switzerland’s apparel imports rose 11.7 per cent year on year (YoY) to $1.523 billion in January–February 2026, signalling steady demand.
Growth builds on 2025 momentum, led by knitwear and comfort-led segments.
China, Bangladesh and Italy remain key suppliers.
Strong purchasing power and stable retail trends continue to support consistent sourcing activity.
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Chairman’s Collection reflects Raymond’s seamless transition from a heritage textile pioneer to a modern luxury menswear destination, now stepping into a more rarefied, couture-led space. One of the most ambitious expressions of luxury menswear retail, this new retail store is a sartorial experience for globally aware Indian consumers. Drawing from Renaissance and Baroque influences, layered with a contemporary European sensibility, the space is rooted in Indian craftsmanship while reflecting a distinctly global identity of the new-age India.
Raymond has unveiled its Chairman’s collection flagship in Bandra, marking its evolution into luxury menswear.
The 11,000 sq ft, two-level space offers couture fashion, fine jewellery, fragrances, and bespoke services.
Blending Indian craftsmanship with global design, it delivers an immersive, appointment-led experience with curated art, collectibles, and personalised styling.
THE COLLECTION: THREE DISTINCT WORLDS
Modern Opulence – Casual Couture
Elevated casualwear, reimagined through the grandeur of Renaissance motifs and the ornate richness of Baroque detailing on printed silk shirts, embroidered denim, and statement separates, offers a refreshing take on couture sensibility in the art of dressing.
Power Dressing – Contemporary Heirlooms
Power Dressing, elevated to an art form. Each suit is crafted in exquisite fabrics from across the world, offering impeccable fit and finished with the artisanal depth that is uniquely and unmistakably Indian.
Embellished jackets. Indo-Western silhouettes. Velvets, silks, and jewel tones that speak before you do. Every piece in the Chairman’s Collection reflects power dressing and is an act of self-expression, conceptualized for moments that demand presence, individuality, and the kind of authority that needs no introduction.
Art, Heritage & Experimentation – Indian Renaissance
A deeply artisanal expression combining Renaissance-inspired prints with traditional Indian techniques such as zardozi and hand embroidery, creating garments that transcend fashion to become collectible pieces.
BEYOND FASHION: A COMPLETE LUXURY EXPERIENCE
The Chairman’s Collection extends gracefully beyond apparel, embracing a far more holistic vision of modern luxury. Fine jewellery for men, lab-grown diamond pieces of exceptional provenance, and a curated edit of the world’s most coveted fragrance and watch brands – each chosen with the same discernment that defines every corner of this space.
A natural evolution of Raymond’s legacy, this launch marks a thoughtful foray into new luxury categories where style meets substance, and each coveted offering is a reflection of a life lived with intention. The store operates on an appointment-led model, ensuring a personalised experience from concept to execution. Be it bespoke tailoring or personalised styling, each element is designed to offer exclusivity.
A SPATIAL EXPERIENCE DESIGNED LIKE A JOURNEY
Spanning across two levels, the store unfolds through carefully designed environments:
- A lounge-inspired setting with leather armchairs and bespoke trunks, evoking exclusivity
- Gallery-style displays, where apparel and finest fabrics are presented as collectible pieces
- A refined tailoring zone, celebrating Raymond’s legacy in craftsmanship
- Curated display zones, where collectibles and design products add depth and narrative
Every detail of the space reflects a shift in luxury retail from transactional to experiential, immersive, and deeply personal.
WHERE FASHION MEETS ART & COLLECTIBLES
Woven seamlessly into the store are museum-worthy displays of rare collectibles, from Formula 1-inspired models to precision-crafted masterpieces that are a true reflection of the Chairman’s lifelong devotion to the art of the automobile, both vintage and contemporary. Impossible to overlook, the curated Art Deco-inspired pieces and handpicked artworks that grace the space have each been chosen with extraordinary intentionality, with every element in coherence with the store’s design language.
This layered, considered approach transforms the Chairman’s Collection into something far greater than a fashion destination, unraveling a world unto itself. Every corner, every curation, every carefully chosen object speaks to a man’s taste, his sensibility, and the life he has chosen to lead. The effect is singular and unmistakable – a space that does not merely dress a man, but defines him. Not just a philosophy of style, but a complete philosophy of living.
A NEW CHAPTER FOR RAYMOND
Speaking on the occasion, Satyaki Ghosh, CEO, Raymond Lifestyle Limited, said; “Chairman’s Collection reflects the pride of creating international-quality luxury, made in India, for the modern Indian man. Raymond being the pioneers in menswear, this is a logical brand evolution towards launching a first of its kind couture experience in India. Consumer centricity is at the core of Raymond and this latest endeavour is an affirmative step in the same direction.”
With Chairman’s Collection, moves forward not as a heritage brand resting on its century-old legacy, but as India’s homegrown brand paying homage to luxury that understands the new Indian identity, which is making its formidable presence being felt in the world.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
ASEAN+3 comprises the members of the Association of Southeast Asian Nations (ASEAN), China, South Korea and Japan.
Macroeconomic stabilisation in the ASEAN+3 nations has progressed while navigating the new energy shock triggered by the Middle East conflict.
Structural adjustments continue, according to the latest ASEAN+3 Regional Economic Outlook.
While vulnerabilities remain, the pace and direction of policy adjustment have improved significantly in the region.
In Singapore and Malaysia, strong institutional credibility, financial stability and well-developed investment frameworks support relatively stable economic management.
In Vietnam and Cambodia, manufacturing and services continue to underpin economic activity despite external headwinds.
Adjustment is also visible in economies that have faced more acute macroeconomic pressures, where policy measures to stabilise exchange rates, recalibrate fiscal policy and strengthen debt management have contributed to a marked improvement in macroeconomic conditions compared with earlier periods of stress, the report released by the ASEAN+3 Macroeconomic Research Office (AMRO) said.
While vulnerabilities remain, the pace and direction of policy adjustment have improved significantly, it noted.
Taken together, these experiences suggest that economic management in the region has evolved around a pragmatic combination of policy approaches rather than a single doctrinal model, the report remarked.
Regional economies are placing greater emphasis on strengthening flexibility and resilience in trade, foreign direct investment and financial flows.
At the same time, many economies across the region are investing in digitalisation, advanced manufacturing and emerging technologies.
Rather than narrow sectoral targeting, industrial strategies often emphasise foundational capabilities—human capital development, digital infrastructure and technological capacity. These efforts support adaptation to shifting global conditions while maintaining long-term competitiveness, it added.
Fibre2Fashion News Desk (DS)
Prince Harry talks about ‘betrayal’ as William blocks return to royal fold
Asian stocks today: Markets inch higher on US-Iran peace hopes; Nikkei jumps 2%, HSI adds 360 points – The Times of India
Switzerland’s apparel imports grow double-digit in Jan–Feb 2026
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