Two suitors are competing to take over suiting stalwart Brooks Brothers after it filed for Chapter 11 bankruptcy this week. An entity tied to Authentic Brands Group and mall owner Simon Property Group are considering a bid to buy the retailer out of bankruptcy, the Wall Street Journal reported. WHP Global, which is backed by Oaktree Capital and already holds a $75 million debtor-in-possession loan from Brooks Brothers, is also preparing an offer. The loan
source https://therealdeal.com/2020/07/10/bidders-line-up-to-buy-brooks-brothers-out-of-bankruptcy/
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