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Men’s clothier Brooks Brothers files for bankruptcy | Reuters
By Kgbo - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=38822702

Men’s clothier Brooks Brothers files for bankruptcy | Reuters

A company that has been producing nice suits and dress shirts are now filing for bankruptcy. Brooks Brothers filed for Chapter 11 bankruptcy on Wednesday. This company was established over 200 years ago and has dressed many presidents. Brooks Brothers is one of many companies that have felt the implications of COVID-19 and were forced to file for bankruptcy. The company started struggling when workplaces like Wallstreet have eased down on dress code and are allowing people to wear more relaxed clothes rather than suits.

Source: https://www.reuters.com/article/legal-us-brooks-brothers-bankruptcy/mens-clothier-brooks-brothers-files-for-bankruptcy-idUSKBN24920P