BROOKS BROTHERS, WORN BY LINCOLN AND KENNEDY, GOES BANKRUPT

Techlife NewsTechlife News #454

BROOKS BROTHERS, WORN BY LINCOLN AND KENNEDY, GOES BANKRUPT
Brooks Brothers, the 200-year-old company that dressed nearly every U.S. president, filed for bankruptcy protection Wednesday, the latest major clothing seller to be toppled by the coronavirus pandemic.

Founded in New York in 1818, Brooks Brothers survived two world wars, the great depression, and even managed to stay afloat as dress standards eased in the office. But the pandemic pushed it into Chapter 11 bankruptcy protection with so many stores closed and, with millions working from home, a crisp suit pushed to the very bottom of shopping lists.

Brooks Brothers will permanently close more than a quarter of its 200 stores.

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Techlife News #454