Another apparel brand files for bankruptcy after coronavirus crisis
Business

Another apparel brand files for bankruptcy after coronavirus crisis

The coronavirus pandemic has now claimed one of the country’s oldest and most prestigious retailers. Brooks Brothers, pioneer of the polo and uniform of the polished prepster, filed for bankruptcy on Wednesday, as it continues to search for a buyer. The biggest issue for the retailer was rent, and the pandemic torpedoed a sale process that began in 2019.

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Wed Jul 08 - CNBC

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