Buyer Emerges For Brooks Brothers

Video Credit: Wochit News
Published on August 12, 2020 - Duration: 00:29s

Buyer Emerges For Brooks Brothers

Brooks Brothers announced that Authentic Brands Group and SPARC Group LLC were the winning bidders for the suiting company.

Business Insider reports that Brooks Brothers filed for Chapter 11 bankruptcy last month.

ABG and SPARC increased its initial offer of $305 million to $325 million.

They agreed to keep at least 125 retail locations operating.

The group have previously worked together to purchase distressed retailers like Aeropostale and Juicy Couture.


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Authentic Brands Group

Brand development and licensing company

Brooks Brothers

Clothing retailer

Aéropostale (clothing)

global apparel retailer based in the United States

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