Brooks Brothers Group, Inc. Files for Chapter 11 Bankruptcy

Brooks Brothers Group, Inc joined a growing list of large retailers forced to file bankruptcy. The Chapter 11 Bankruptcy https://www.bravermanlaw.com/business-bankruptcy/chapter-11-bankruptcy/ was filed July 8, 2020 in Delaware. While the plan is to reorganize, Brooks Brothers presumably faces an uphill battle. Not only was more casual clothing at the office becoming acceptable, but the Coronavirus pandemic has resulted in a number of businesses to successfully shift operations to home offices. As a result, Brooks Brothers faces the harsh reality that even when the Coronavirus is gone, the demand for their closing may be significantly reduced. Locally, there are stores in Marlton New Jersey, Blackwood NJ and Philadelphia Pennsylvania.