Brooks Brothers files for bankruptcy as pandemic hits sales

Brooks Brothers, the 200-year-old American menswear retailer, filed Wednesday for bankruptcy protection after the novel coronavirus pandemic further hit waning demand for business attire.Brooks Brothers Group Inc., based in New York, said it has filed for Chapter 11 bankruptcy protection with a court in the United States.The retailer, founded in 1818, has dressed a large number of American presidents and famous actors and the brand's clothes have been regularly worn by Wall Street bankers. But it had been struggling even before the pandemic as business attire grew more casual in recent year…READ FULL ARTICLE