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Brooks Brothers Goes Bust With Business Clothes Losing Favor

  • Pandemic keeps customers home, cutting demand for suits
  • The company dressed presidents including Abraham Lincoln
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Brooks Brothers Group Inc. filed for bankruptcy, felled by the pandemic’s impact on clothing sales and its own heavy debt load.

The two-century-old apparel company is the latest to succumb as lockdowns during the coronavirus outbreak add to the woes of old-line retailers. Neiman Marcus Group Inc., J. Crew Group Inc. and John Varvatos Enterprises Inc. each filed for bankruptcy since the virus took hold.