Checkout
Jamie Salter Builds Empire From Washed-Up Retailers
- Founder of Authentic Brands finds value in apparel’s carnage
- Company wins approval for purchase of Brooks Brothers chain
This article is for subscribers only.
As bricks-and-mortar retailers face their biggest crisis yet, with a record number collapsing into bankruptcy even before the Covid-19 pandemic, one man is embracing them with both arms.
Jamie Salter, the 57-year-old Canadian who founded and runs Authentic Brands Group LLC, has bought beaten-up names like Forever 21 Inc., Lucky Brand Dungarees LLC and Barneys New York Inc. On Friday, a bankruptcy judge approved his bid for the storied chain Brooks Brothers Group Inc.