Delta Apparel, Inc. has retained SB360 Capital Partners as the exclusive liquidation consultant to manage the sale of all remaining inventory after separate sales of assets relating to the Salt Life and Soffe brands through a bankruptcy court-approved sale process. The sale also includes furniture, fixtures and equipment in Delta Apparel facilities.
SB360 Capital Partners, a Schottenstein affiliate company, previously handled the GOB sales and liquidation for Olympia Sports, Modell’s Sporting Goods, and Steinmart, among many others.
Delta Apparel filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on June 30, 2024. This sale is intended to maximize the value of Delta Apparel’s remaining assets.
The company sells casual and athletic products through retailers and its b2b e-commerce site.
SB360 Capital Partners, said to be one of the country’s leading asset disposition firms, reportedly has extensive experience assisting companies through large-scale inventory liquidations.
“Stores all across the country have products in their assortments that came from Delta Apparel,” said Aaron Miller, president of SB360 Capital Partners. “From blank t-shirts to a wide range of casual and athletic wear, Delta Apparel’s products have been a go-to item for over 120 years. This sale is a rare opportunity for retailers and wholesalers to build an in-stock position of items with a strong value proposition for the holiday season.”
The liquidation sale will reportedly include the company’s remaining inventory across all categories, including lifestyle apparel, activewear and accessories.
Image courtesy SB360 Capital Partners
