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Cos is Closing, Virgil Keeps It 100 with Scholarship Fund, and more news you missed

27 days ago   |   By Models

Brooks Brothers has Filed for Chapter 11 The oldest American men's apparel company Brooks Brothers announced this week that it will be filing for Chapter 11 bankruptcy. The brand - which has survived not only the Civil War, but the Great Depression, World War II, and the Great Recession - cited the reasons for filing as the...
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Potential buyer line up as America's oldest fashion retailer files for bankruptcy

Potential buyer line up as America's oldest fashion retailer files for bankruptcy

27 days ago   |   By Fashion United

The bankruptcy filing of America's oldest apparel retailer Brooks Brothers has ignited significant interest from potential buyers for the brand.
WHP Global and a venture backed by Authentic Brands Group LLC and
Simon Property Group, Inc., are reportedly considering bids for the retailer. WHP Global owns the Anne Klein and Joseph Abboud brands.
New York-based brand management firm WHP Global has committed debtor-in-possession financing of 75 million dollars for the retailer, subject to court approval, to support ongoing business operations throughout the sales process.
The beleaguered...
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