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Tag: brothers

Brooks Brothers Receives $305 Million ‘Stalking Horse’ Bid

With its $305 million “stalking horse” bid, SPARC Group LLC (SPARC) has raised the possibility that Brooks Brothers will be able to emerge from bankruptcy with at least 125 of its brick-and-mortar stores remaining in operation. The retailer currently operates approximately 250 stores in North America and an equal number outside the U.S. and Canada, …

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Brooks Brothers files for bankruptcy, as it seeks buyer, closes stores

The coronavirus pandemic has now claimed one of the country’s oldest and most prestigious retailers. Brooks Brothers  — pioneer of the polo and uniform of the polished prepster — filed for bankruptcy on Wednesday, as it continues to search for a buyer. The retailer, which is more than two centuries old, boasts of having dressed …

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Scottish department store Watt Brothers goes into administration | Business

The Scottish department store group Watt Brothers has collapsed into administration with the immediate loss of nearly 230 jobs and about 80 more at risk. All 11 of the group’s stores were closed on Friday, but the flagship outlet on Glasgow’s Sauchiehall Street will open on 19 October for a clearance sale as administrators from …

Scottish department store Watt Brothers goes into administration | BusinessRead More