A familiar team is vying for the bankrupt men’s clothier Brooks Brothers Group. An entity backed by Authentic Brands Group and Simon Property Group submitted a $305 million bid as part of a court-supervised auction for the troubled brand, Bloomberg reported. Brooks Brothers announced its Chapter 11 bankruptcy July 8. Simon Property Group, the country’s largest mall operator, has frequently paired with Authentic Brands to rescue bankrupt retailers. Their offer, known as a stalking horse
source https://therealdeal.com/2020/07/24/bankrupt-brooks-brothers-gets-305m-stalking-horse-bid/
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