Brooks Brothers Files for Bankruptcy After 202 Years of Business

Brooks Brothers, one of the United States’ oldest and most prestigious retailers, filed for Chapter 11 bankruptcy Wednesday after 202 years, CNBC reported.

The retailer, credited with dressing 40 U.S. presidents since its founding in 1818, had already been burdened with rising rent when it was devastated by the coronavirus pandemic, which sunk the company’s potential sale, according to CNBC.

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Black Lives Matter Plan to Disrupt the Nuclear Family and ‘Dismantle Cisgender Privilege’ Gains Support in Corporate America

The CEO of Brooks Brothers sent out a letter to customers last week expressing support of the objectives of the Black Lives Matter movement, which include a plan to “disrupt the Western-prescribed nuclear family,” and “dismantle cisgender privilege.”

Brooks Brothers, the oldest men’s clothier in the United States, is headquartered on Madison Avenue in Manhattan, New York City, and owned by the Italian billionaire Claudio Del Vecchio.

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