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.