Entrepreneurship
Salt Life clothing brand is closing 28 retail stores and holding liquidation sales: Full list and map of doomed locations
The embattled activewear company said it will shift to an e-commerce model after being sold in a bankruptcy. It currently has a retail presence in 10 states.
Delta Apparel Inc., parent company of the Salt Life activewear brand, was sold in a bankruptcy auction for $38.74 million on September 16 to brand management firm Iconix International and business management consultancy Hilco. The sale, approved by the court, includes the Salt Life brand and its assets.
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