Brooks Brothers files for bankruptcy as coronavirus claims another storied retail brand
Apparel brand Brooks Brothers filed for bankruptcy Wednesday, as the coronavirus pandemic claimed another storied retail brand. The retailer began in 1818 and prided itself on dressing 40 U.S. presidents. Early to the office-casual look, it became known for its button-down oxford shirts and sports jackers. But rent had become a burden, and the pandemic torpedoed a sale process that began in 2019.