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Storied apparel brand Brooks Brothers files for bankruptcy as it seeks a buyer and closes stores



Brooks Brothers, founded in 1818, filed for bankruptcy on Wednesday. 


The retailer, which generated more than $991 million in sales last year, has more than 200 stores in North America and 500 worldwide. 


It has already decided to close roughly 51 stores, a decision it attributes to the pandemic. 


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 Chapter 11 bankruptcy court protection from creditors on Wednesday, as it continues to search for a buyer.


“During this strategic review, Covid-19 became immensely disruptive and took a toll on our business.”


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