Brooks Brothers files for bankruptcy, plans to close dozens of stores

https://www.boston.com/news/coronavirus/2020/07/08/brooks-brothers-files-for-bankruptcy-plans-to-close-dozens-of-stores


By Jacob Bogage and Abha Bhattarai,
The Washington Post
July 8, 2020 | 2:36 PM


The coronavirus recession has done in one of the nation’s oldest and best known retailers: Brooks Brothers.

The 202-year brand that claims to have dressed all but four U.S. presidents and legions of business executives in its sharp Oxfords, classic suits and polos for casual Friday, filed for bankruptcy on Wednesday in Delaware as it continues its search for a buyer, according to a company spokesperson.

The company is set to close 51 of its 250 North American stores and will halt production at its factories in Massachusetts, North Carolina and New York in mid-August, which produce less than 7% of its finished goods. Remaining stores will reopen in compliance with local public health orders tied to pandemic-related closures.

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