Iconic American suit maker Brooks Brothers files for bankruptcy - Business Insider

Brooks Brothers filed for bankruptcy early Wednesday morning.

The coronavirus pandemic and associated store closures hurt sales, but the retailer was reportedly considering restructuring even before the virus hit. Visit Business Insider's homepage for more storiesBrooks Brothers filed for Chapter 11 bankruptcy protection in the US bankruptcy court for the District of Delaware early Wednesday morning.

The retailer, often credited with inventing the American suit and which founded in 1818, is one of the oldest apparel brands in the country. , Brooks Brothers was considering restructuring even before the coronavirus pandemic hit, as annual sales were flat at around $1 billion for the years 2017 through 2019.

They do have quality shirts. I can speak from experience. The Staff is very attentive. It’s the best.

This is very sad news. Brooks Brothers is an icon of icons when it come to brands. Unfortunately BB forgot who were it’s best customers. It over expanded to places where it competed with yuppie brands and began selling clothes to non customers who were no loyal at all.

NOOOOO!

If only we could of had a decent federal response at the outset of this pandemic.

helih

Saw this coming ... even investment bankers don’t wear suits everyday and business casual or jeans rule office attire now.

Dreadful news.

Sad news ^.

Economy is strong..🤦🏾‍♂️

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Brooks Brothers, Hurt by Casual Fridays and Coronavirus, Files for BankruptcyBrooks Brothers, which dressed the American business class in pinstripes for more than 200 years, survived two world wars and the shift to casual dressing. But it was no match for the coronavirus pandemic. As a former customer of theirs, it wasn't just 'casual office attire,' it was hiring a horrible designer to redo their women's line who absolutely decimated classic suiting, etc. I left about a month after Zac Posen's line hit the shelves. Lol casual friday was responsible....sure... Sad day today
Source: WSJ - 🏆 98. / 63 Read more »

Lucky Brand files for bankruptcy, becoming the latest victim of the coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. If the pandemic continues for a bit longer many of the brands may become bankrupt soon.. Shit jeans anyway Corona didn't do it Government did Is that so hard to understand? Oh wait, you're fake news
Source: BusinessInsider - 🏆 729. / 51 Read more »

Lucky Brand filed for bankruptcy and is closing 13 stores - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Are they going to move to an “online model” now like so many other companies?
Source: BusinessInsider - 🏆 729. / 51 Read more »