Cratering sales, production curtailments and financial constraints that have plagued the embattled apparel maker culminated in a Chapter 11 filing in the Delaware bankruptcy court last week, aiming to sell Salt Life and the company’s other assets. Delta’s chief restructuring officer J. Tim Pruban of Focus Management Group filed a declaration in support, seeking to continue operations to maximize the estate’s value. Delta and Focus inked an agreement on May 6 for consulting services which put Pruban in the CRO seat, amending a previous agreement entered on July 14, 2023. Meanwhile, ... Log in to view full article.