Deals
Brooks Brothers Seeks Buyer as Wall Street Works From Home
- Two-century year old retailer extending sale process
- Many of its U.S. stores were struggling before Covid-19
A shopper walks past a future Brooks Brothers Inc. store in Gurgaon, India, in 2012.
Photographer: Brent Lewin/Bloomberg
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Brooks Brothers Inc., the two-century-old menswear company that set the standard for aspiring Wall Street bankers, is seeking to sell itself.
The retailer has extended a sale process begun last year, according to people familiar with the matter who asked not to be identified because it wasn’t public. Depending on how many stores a buyer wanted, a transaction could ultimately be part of a bankruptcy filing, they said. The company has about $600 million in debt.