Major Georgia-based Company Filed for Bankruptcy: Jobs on the Line as Company is Selling Stores across Florida
The Salt Life brand’s parent company, Delta Apparel Inc., recently filed for Chapter 11 bankruptcy and plans to try to sell off a number of stores in Florida.
According to WARN letters given to Florida regulators, if the beach-themed business owned by a Georgia-based corporation cannot find a suitable buyer by the end of August, over 100 employees at 16 outlets could be out of a job.
The following Salt Life locations in Florida are on the list-
- 410 Plaza Real, Boca Raton
- 713A East Las Olas Boulevard, Fort Lauderdale
- 240 South Third Street, Jacksonville
- 128 Breakwater Court, Jupiter
- 404 Duval Street, Key West
- 2300 Grand Cypress Drive, Unit 852, Lutz
- 5821 East 10th Avenue, Hialeah
- I0562 Emerald Coast Parkway West, Miramar
- 8001 S Orange Blossom Trail, Room 252, Orlando
- 310 I PGA Blvd., P-237, Palm Beach Gardens
- 421 SW 145 Terrace, Suite 4030, Pembroke Pines
- 3405 Pier Street, Pompano Beach
- 16 South Blvd. of the Presidents, Sarasota
- 2700 State Road 16, Suite 713, St. Augustine
- 10801 Corkscrew Road, Suite 164, Estero
- 1100 Cornerstone Blvd., Suite 910, Daytona Beach
“Financial and business difficulties” are the stated reasons given by Delta Apparel in its notices regarding their intention to sell Salt Life. Citing falling demand and profit margins, the firm filed for Chapter 11 bankruptcy in Delaware on June 30.
According to documents filed with the U.S. Securities and Exchange Commission (SEC) by Delta Apparel, the auction for Salt Life will take place on or before August 20, according to the firm.
