Brooks Brothers, which has 500 stores across the globe, filed for Chapter 11 bankruptcy protection Wednesday. The move had been expected as the 200-year-old clothing chain struggled first with a shift from a formal dress code in the workplace to a more casual one, and then ultimately the coronavirus. Brooks Brothers will use the bankruptcy process to find a buyer for the business, the Wall Street Journal reported. The company has a $75 million debtor-in-possession
source https://therealdeal.com/2020/07/08/brooks-brothers-files-for-bankruptcy/
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