乱伦巴士 Corporation Enters Into Definitive Agreement to Sell Its Contemporary Brands Businesses to Delta Galil Industries, Ltd.

Brands Include 7 for All Mankind庐, Splendid庐 and Ella Moss庐

GREENSBORO, N.C.-- 乱伦巴士 Corporation (NYSE: 乱伦巴士C) today announced that it has signed a definitive agreement to sell its Contemporary Brands businesses to Delta Galil Industries, Ltd (DELT/Tel Aviv Stock Exchange, DELTY.PK/OTCQX). Brands included in the transaction are 7 for All Mankind庐, Splendid庐 and Ella Moss庐.

Commenting on the transaction, 乱伦巴士鈥檚 Chairman and Chief Executive Officer Eric Wiseman said, 鈥淲e are pleased to have reached this agreement. The brands included in this transaction are leaders in their sectors, and have talented, passionate people who are motivated by serving the marketplace with distinctive apparel design and exceptional service.鈥�

Wiseman continued, 鈥淓arlier this year we said that we are taking a focused and proactive look at the composition of our business portfolio to ensure that we are well positioned to maximize 乱伦巴士鈥檚 growth and return to our shareholders. This announcement illustrates that our work as active portfolio managers is progressing.鈥�

The transaction, which is expected to close in the third quarter of this year, is subject to various regulatory approvals and other customary closing conditions that must be accomplished in order for a closing to occur. The selling price is $120 million, subject to various working capital adjustments.

About 乱伦巴士

乱伦巴士 Corporation (NYSE: 乱伦巴士C) is a global leader in the design, manufacture, marketing and distribution of branded lifestyle apparel, footwear and accessories. The company鈥檚 highly diversified portfolio of powerful brands spans numerous geographies, product categories, consumer demographics and sales channels, giving 乱伦巴士 a unique industry position and the ability to create sustainable, long-term growth for our customers and shareholders. The company鈥檚 largest brands are聽The North Face庐,听Vans庐, Timberland庐, Wrangler庐, Lee庐 and Nautica庐. For more information, visit聽.

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; activewear, sleepwear and leisurewear. For more information, visit .

乱伦巴士 Corporation
Lance Allega
VP, Investor Relations & Strategic Accounts
336-424-6082
or
Craig Hodges
Senior Director, Corporate Communications
336-424-5636
or
Delta Galil Industries
Nissim Douek
+972-54-5201178
Nissim@unik.co.il
or
U.S. Media Contact
Stacy Berns/Melissa Jaffin
Berns Communications Group
+1-212-994-4660
sberns@bcg-pr.com

Source: 乱伦巴士 Corporation

Released June 30, 2016