Brooks Brothers Joins Fallen Retailers in Bankruptcy: Live Updates

Brooks Brothers Joins Fallen Retailers in Bankruptcy: Live Updates

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The Brooks Brothers Flatiron Shop in Durham, North Carolina.Credit...Jeremy M. Lange for The New York Times

Brooks Brothers, the clothier best known for men's wear that traces its roots back to 1818, filed for bankruptcy on Wednesday, as the brand buckled under the pressure from the coronavirus pandemic following years of declining sales.

The company, founded and based in New York, filed for Chapter 11 restructuring proceedings in the U.S. Bankruptcy Court for the District of Delaware. Claudio del Vecchio, the Italian industrialist who bought the brand in 2001 and still owns the company, told The New York Times in a May interview that he would not rule out Chapter 11 as a possibility for the company.

Brooks Brothers said in an emailed statement that the filing would allow it to obtain additional financing and facilitate a sale to a new owner.

The bankruptcy represents the latest big retail casualty during the pandemic, which has