Around the Net
Brooks Brothers Files For Bankruptcy
- CNBC, Wednesday, July 8, 2020 9:11 PM
Iconic retailer Brooks Brothers filed for Chapter 11 bankruptcy court protection from creditors on Wednesday as it continues to search for a buyer. The company has more than 500 stores worldwide and employs 4,025 people. Brooks Brothers is the latest retailer to succumb to the pandemic. It follows Neiman Marcus, J.Crew and J.C. Penney, which have all filed for bankruptcy in the last few months.
