Middle East News 247
Business Fashion

Menswear major and America’s oldest retailer, Brooks Brothers, goes bankrupt

Brooks Brothers Group filed for bankruptcy, felled by the pandemic’s impact on clothing sales and its own heavy debt load.

The two-century-old apparel company is the latest to succumb as a nationwide lockdown during the coronavirus outbreak added to the woes afflicting old-line retailers.

Neiman Marcus Group, J. Crew Group and John Varvatos Enterprises each filed for bankruptcy since the virus took hold. The Chapter 11 bankruptcy filing in Delaware allows Brooks Brothers to…

Read full article

Read full article

Related posts

Bank’s reach is tangible, its relevance is questioned, say experts at Finnovex ME 2021

AETOSWire

5 tips to ask for a pay rise in an uncertain market

Editor - CL

Liwa Trading Enterprises to open their flagship brands at Silicon Central

Editor - CL