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. Read More
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. Read More