Salt Life to close Florida stores if buyer not found for parent company

ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.

Salt Life will close several Florida stores — including two in Central Florida — if its parent company does not find a buyer for the brand.

▶ WATCH CHANNEL 9 EYEWITNESS NEWS

The lifestyle brand notified the state that its parent company Delta Apparel is seeking a buyer as it goes through a Chapter 11 bankruptcy process, and if a buyer is not found, it will have to close 16 of its stores in the Sunshine State. Roughly 98 job cuts tied to the potential closures will occur by Aug. 29 if a buyer is not found.

Duluth, Georgia-based Delta Apparel plans to sell the 28-store brand in a bankruptcy auction on Aug. 20, with a stalking horse bid of $28 million made by FCM Saltwater Holdings Inc., Orlando Business Journal sister paper Atlanta Business Chronicle reported. Delta was delisted from the New York Stock Exchange on July 2.

Read: Bread, bacon, bullets: Company installs ammunition vending machines in grocery stores

Click here to read the full story on the Orlando Business Journal’s website.

Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.

©2024 Cox Media Group