JACKSONVILLE BEACH, Fla. – After being sold at auction, the Salt Life apparel business is expected to have new owners. A bankruptcy judge will take a look at the deal in a hearing Thursday ...
Delta Apparel said it had acquired the Salt Life business in 2013, with the unit hitting over $60 million in revenue. Shares of the Duluth, Georgia-based company have tumbled over 40% YTD.
Beachwear brand Salt Life has multiple bidders interested in rescuing the company from bankruptcy but the company’s related active wear business will be liquidated, a lawyer said in court Thursday.
Certain assets of Salt Life, including its intellectual property, have been sold to Iconix International and Hilco Merchant Resources. The two acquired the brand assets last week at a Delaware ...