Barneys’ Savior Authentic Brands Is Sitting On About $1 Billion In Cash And On The Hunt To Buy More Troubled Retailers

He helped save Barney’s from liquidation last year and plucked retailers Brooks Brothers and denim apparel maker Lucky Brand out of bankruptcy this month — just warmups for Jamie Salter. “I’m in the first inning,” said Salter, the 57-year-old chief executive officer of the apparel licensing firm Authentic Brands Group.  Salter may not be a household name, but he may be one of the industry’s best chances of saving long-loved brands from joining Woolworth and Blockbuster as once-great also-rans. Plenty of retailers were already teetering on the edge of solvency before the coronavirus pandemic hit, accelerating the 44 retail bankruptcies and more than 6,000 store closures already announced this year. Read more at CNBC.

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