Iconix International and Hilco Merchant Resources jointly submitted the winning $38,740,000 bid for bankrupt Delta Apparel’s Salt Life brand and assets, with stalking horse FCM Saltwater Holdings the backup bidder. Iconix manages a portfolio of athletic and fashion brands including Op and Umbro, using a licensing model similar to Authentic Brands Group. Salt Life revenues were $59.0 million in 2023, down 2% from $60.1 million prior, with operating income of $6.2 million. It operated 26 owned retail stores in addition to its e-commerce and ... Log in to view full article.