The oldest chain of clothing stores Brooks Brothers declared bankruptcy

Старейшая сеть магазинов одежды Brooks Brothers объявила о банкротстве

American network of shops of prestigious clothes Brooks Brothers, founded in 1818, declared bankruptcy. This was reported by the newspaper The Wall Street Journal.

According to her, Brooks Brothers, owned by Italian entrepreneur Claudio del Vecchio, has submitted the relevant notification to the court of the city of Wilmington (state of Delaware). The company last month warned of the threat of closure for three of its factories in the United States. Sales network, which includes about 250 stores in North America declined by 60% in the financial quarter that ended may 2. The company received a loan of $20 million, but the situation is not saved.

Clothing brand Brooks Brothers is one of the oldest and most respectable in the United States. As the newspaper notes, the clothes of this company wore dozens of American presidents, including Abraham Lincoln (1809-1865) and Theodore Roosevelt (1858-1919), and such magnates as the representatives of the families of the Astors and Vanderbilts.

The loudest this year in the United States was the bankruptcy of Department store chain J. C. Penney and clothing chain J. Crew. In addition, bankrupt many of the companies involved in the extraction of shale oil.