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ReignetteC · (This post was last modified: 07-16-2020 07:32 AM by ReignetteC.)

(07-08-2020 09:09 PM)wpbinzel Wrote:
(07-08-2020 06:22 PM)Susan Higginbotham Wrote: Chapter 11 bankruptcy, which is reorganization instead of liquidation. Hopefully it'll pull through.

If Brooks Brothers cannot find a buyer, it is highly likely that the "reorganization" under Chapter 11 will result in "liquidation."

I doubt Brooks Brothers will liquidate. It's an iconic brand that has been around since 1818

From the chapter, "A Magnificent Clothing House":

Just days before Mr. Brooks opened H. & D. H. Brooks & Co., Congress adopted the United States flag as having “thirteen red and white alternate stripes.” There were twenty states in the Union. James Monroe was a year into his first presidential term, and the Kentucky-born man who would rise to become the Great Emancipator was a mere lad of nine.

(Lincoln's Greatcoat: The Unlikely Odyssey of a Presidential Relic)