Iconix International and Hilco Acquire Salt Life Brand from Delta Apparel

September 29, 2024

Iconix International Inc., together with liquidator Hilco Consumer-Retail Group, completed the purchase of the Salt Life apparel brand from Chapter 11 debtor Delta Apparel Inc. for $38.74 million. The new owners will close Salt Life's 28 retail stores and transition the brand to a wholesale and e-commerce licensing model while appointing Thread Collective as a licensee for men's and women's apparel.

Buyers
Iconix International Inc., Hilco Consumer-Retail Group
Targets
Salt Life
Sellers
Delta Apparel Inc.
Industry
Retail
Location
Florida, United States
Transaction Type
Divestiture

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