Men’s apparel label Brooks Brothers files for bankruptcy – ZAWYA

Men’s apparel label Brooks Brothers files for bankruptcy – ZAWYA

Men's apparel label Brooks Brothers files for bankruptcy | ZAWYA MENA Edition HomeBusinessArticleMen's apparel label Brooks Brothers files for bankruptcy The company joins J.C. Penney, Neiman Marcus, J.Crew among others    Apparel brand Brooks Brothers filed for Chapter 11 bankruptcy on Wednesday, joining a list of decades-old American retailers that have crumbled under the impact of the coronavirus crisis.The 200-year old apparel retailer, the first to tailor the button-down Polo shirt in 1986, said its strategic review process was still underway and the bankruptcy filing would help it obtain additional financing to facilitate the sale."During this strategic review, COVID-19 became immensely disruptive and took a toll on our business," a company spokesperson said.The 200-year old apparel retailer, the first to tailor the button-down Polo shirt in 1986, said its strategic review process was still underway and the bankruptcy filing would help it obtain additional financing to facilitate the sale.Apparel brand Brooks Brothers filed for Chapter 11 bankruptcy on Wednesday, joining a list of decades-old American retailers that have crumbled under the impact of the coronavirus crisis."During this strategic review, COVID-19 became immensely disruptive and took a toll on our business," a company spokesperson said.Owned by Italian billionaire Claudio Del Vecchio,