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..🤦🏾‍♂️

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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