Iconix International and Hilco Acquire Salt Life Brand from Delta Apparel

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.