Delta Galil Industries (TASE: DELG): founded 1975 in Israel. $2.12B revenue 2025. 25,000 employees. CEO Isaac Dabah holds 49%. Manufactures for the world's biggest apparel brands.
$2.1 Billion in Revenue, 25,000 Employees, and the Underwear You Don't Know Is Israeli
Delta Galil Industries (דלתא גליל תעשיות, TASE: DELG) is the Israeli apparel company that manufactures intimate wear, activewear, loungewear, and denim for many of the world's largest fashion brands — and that most consumers have never heard of. Revenue in 2025: $2.12 billion, a record. Q1 2026: $573 million, another record. 25,000 employees worldwide. Headquarters in Caesarea (קיסריה), the ancient port city on Israel's Mediterranean coast.
The company is controlled by CEO Isaac Dabah, who holds 49.21% of the shares. Chairman of the board is Noam Lautman (9.78%), son of co-founder Dov Lautman.
Dov Lautman and the Founding: 1975
Delta Galil was founded in 1975 by Dov Lautman (דב לאוטמן) and Eliezer Peleg. Lautman — one of Israel's most prominent industrialists and later president of the Manufacturers Association of Israel — built the company as a textile manufacturer producing underwear, socks, baby clothing, knitted fabrics, and elastic trimmings. The "Galil" in the name refers to the Galilee (גליל), where early operations were located.
For its first three decades, Delta Galil operated primarily as a private-label manufacturer — making products for other brands rather than selling under its own name. The company's competitive advantage: vertically integrated production, from fabric to finished garment, at scale and speed that global brands couldn't match internally.
The Isaac Dabah Era: 2007–Present
In 2007, GMM Capital, owned by Isaac Dabah — an Israeli-American businessman — became the controlling shareholder. Dabah transformed Delta Galil from a private-label manufacturer into a branded and direct-to-consumer platform.
Key acquisitions under Dabah: 7 For All Mankind (premium denim), Bare Necessities (online intimates retailer), and Eminence (French underwear brand). The company expanded its owned-brand DTC channels — online sales grew at double-digit rates for 12 consecutive quarters through 2025.
Delta Galil's body-before-fabric® philosophy — designing garments around the body's movement rather than traditional pattern-cutting — became the company's engineering identity across seamless intimates, performance underwear, and activewear.
Global Manufacturing Platform
Delta Galil operates factories across Israel, Egypt (strategic hub with low tariffs), Vietnam, Bangladesh, Turkey, China, and the UK. The Egyptian manufacturing hub has become increasingly important — Dabah has cited it as a competitive advantage amid US tariff pressures, with low-duty access to US markets.
The company employs approximately 25,000 people and serves major global retailers and brands across intimate apparel, activewear, athleisure, hosiery, and denim. The client list is confidential but the scale — $2.1 billion in revenue — implies relationships with the world's largest apparel companies.
Financial Profile
2025 full year: Record revenue of $2.12 billion, up 4% YoY. Gross profit $837.8 million. Gross margin 39.6%. DTC sales of owned brands up 15%.
Q1 2026: Record revenue of $573 million, up 15% YoY. Gross margin improved to 41.7%. EBIT record of $36.6 million.
2026 guidance: Revenue $2.29–$2.33 billion. EBIT $204–$212 million.
The stock is listed on the TASE (DELG). Delta Galil declared a $10 million dividend in Q4 2025.
Key Facts
Founded: 1975 · Israel
Founders: Dov Lautman (דב לאוטמן) and Eliezer Peleg
Headquarters: Caesarea (קיסריה), Israel
TASE listing: DELG
CEO: Isaac Dabah (49.21% ownership)
Chairman: Noam Lautman (9.78%)
Revenue: $2.12B (2025) · Guidance: $2.29–$2.33B (2026)
Employees: ~25,000
Brands owned: 7 For All Mankind · Bare Necessities · Eminence · Delta
Manufacturing: Israel · Egypt · Vietnam · Bangladesh · Turkey · China · UK
Specialization: Seamless intimates · Activewear · Performance underwear · Denim