Jamie Salter Builds Empire From Washed-Up Retailers (2)

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.

Jamie Salter

Source: Authentic Brands Group LLC

Starting with $250 million a decade ago, Salter manages a portfolio with retail revenue estimated at almost $15 billion ahead of the ...