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Stock impact report

Delta Apparel slides after filing for bankruptcy [Seeking Alpha]

Delta Apparel, Inc. (DLA) 
Company Research Source: Seeking Alpha
As part of the bankruptcy filing, Delta Apparel estimated that it had assets of $100 million to $500 million vs. liabilities of $100 million to $500 million. The debtors will continue to operate their businesses as a debtor-in-possession and pursue a structured sale of their assets pursuant to one or more competitive bidding processes or other strategic arrangements involving such assets. The debtors are also seeking approval of "first day" motions containing customary relief intended to enable the debtors to continue their ordinary course operations during the Chapter 11 cases. Delta Apparel's ( NYSE: DLA ) roots can be traced back to the early 1990s, when it emerged as a subsidiary of Delta Woodside Industries, a textile manufacturing company. In the early years, Delta Apparel focused on producing basic activewear and casual apparel. Over time, the company expanded its product offerings and distribution channels. A significant milestone was the acquisition of the Duck Head brand Show less Read more
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