Online Lingerie Retailer Brayola Lost up to $4 Million a Year, Says New Owner
Last week, a Tel Aviv court approved Brayola’s sale for $1.1 million to undergarment retailer Delta, after the former ran into financial trouble, leading to a stay of proceeding in November
Orna Yefet | 11:14 20.01.2020
Online lingerie retailer Brayola Fitting Technologies Inc. accumulated losses of between $3 million and $4 million a year, according to Isaac Dabah, the controlling shareholder of Israeli loungewear and undergarment retailer Delta Galil Industries Ltd., which recently acquired it. Delta’s $1.1 million acquisition of Brayola was approved by a Tel Aviv district court last week, after the latter ran into financial trouble leading to a stay of proceeding in November.