Brooks Brothers, Hurt by Casual Fridays and Coronavirus, Files for Bankruptcy

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Brooks Brothers, Hurt by Casual Fridays and Coronavirus, Files for Bankruptcy
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Retailer Brooks Brothers filed for bankruptcy, squeezed by the coronavirus pandemic and a yearslong shift to casual office attire

The closely held company, which is owned by Italian businessman Claudio Del Vecchio, filed for bankruptcy protection in Wilmington, Del., on Wednesday.

One of the few brands to make clothes domestically, it warned in June that it could close its three U.S. factories. It operates roughly 250 North America stores.

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