Gordon Brothers Brands and Branded, LLC Sell the "Salty Dog" Brand.
BOSTON, MA – A joint venture between Gordon Brothers Brands and Branded, LLC announced today the sale of the Salty Dog™ apparel brand to Jake Dog, LLC, a well-known resort destination firm based in Hilton Head, SC.
“We have worked hard to preserve and nurture the rich tradition of Salty Dog,” stated Bradley Snyder, Principal and Managing Director at Gordon Brothers Group. “Jake Dog LLC is the best company to fully realize Salty Dog’s future potential.”
Added Keith Johnston of Branded, LLC, “Salty Dog is authentic. It’s one of the few great main floor department store brands and a natural fit for Jake Dog LLC.”
Salty Dog, a historic American Heritage brand first introduced in 1937 by Canton Textile Mills, was later owned by the Gant Corporation and then Phillips Van Heusen before being acquired in a joint venture between Gordon Brothers Brands and Branded, LLC.
"We are excited to acquire the Salty Dog apparel brand. Working with Gordon Brothers Brands and Branded, LLC proved to be a smooth and seamless transaction and we look forward to furthering the success of the vintage Salty Dog brand," stated Robert Gossett of Jake Dog LLC.
Jake Dog, LLC operates five restaurants throughout the island of Hilton Head in South Carolina. In addition to the cafes, they have three apparel shops on the island. Both the restaurants and stores are extremely popular tourist destinations.
About Gordon Brothers Brands
Gordon Brothers Brands, LLC is a member of the Gordon Brothers Group family of companies. Gordon Brothers Brands purchases, sells, and licenses brands and other intellectual property. Current portfolio brands and companies include Polaroid®, The Sharper Image®, Linens ‘N Things® and Bombay®, among others. Founded in 1903, Gordon Brothers Group (www.gordonbrothers.com) is a global advisory, restructuring and investment firm specializing in retail and consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, appraising assets, providing debt financing, making private equity investments and operating businesses for extended periods. Gordon Brothers Group conducts over $50 billion in annual transactions and appraisals.
About Branded, LLC
Branded, LLC is a wholly owned subsidiary of JF Trust, a Texas based private investment firm. Branded, LLC owns, manages and licenses a portfolio of consumer brands worldwide.
About Jake Dog LLC.
Jake Dog LLC is associated with The Salty Dog Inc., a tourism/resort based company with main offices on Hilton Head Island, SC.