12-08-2020 16:14 via retailgazette.co.uk

Brooks Brothers rescued from bankruptcy for £249m

// Brooks Brothers sold to a clothing licensing firm and a shopping centre owner for £249 million
// The business collapsed into bankruptcy protection last monthBrooks Brothers has reportedly been sold to brand management firm Authentic Brands and US shopping centre owner Simon Property for $325 million (£249 million).
The US menswear retailer collapsed into bankruptcy protection last month after struggling to trade.
Clothing licensing firm Authentic Brands and Simon Property have to
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