Brooks Brothers files for bankrupt as pandemic fells demand
Chapter 11 filing allows the company to keep operating while it works out a plan to turn the business around
08 July 2020 - 22:31
New York — Brooks Brothers filed for bankruptcy, felled by the pandemic’s impact on clothing sales and its own heavy debt load.
The apparel company is the latest to succumb as lockdowns during the coronavirus outbreak add to the woes of old-line retailers. Neiman Marcus, J Crew and John Varvatos Enterprises each filed for bankruptcy since the virus took hold...
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