Brooks Brothers Poised to Be Acquired by Authentic Brands-Simon Venture

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Brooks Brothers is poised to be acquired by a venture backed by apparel-licensing firm Authentic Brands and mall owner Simon Property after brand-licensing company WHP bowed out of the race for the bankrupt retailer

Brand-licensing company WHP Global Inc. has bowed out of the race for Brooks Brothers Inc., according to people familiar with the matter, leaving a venture backed by apparel-licensing firm Authentic Brands Group LLC and mall owner Simon Property Group Inc. poised to take control of the bankrupt retailer.

Like Authentic Brands, WHP Global buys consumer brands, often out of bankruptcy, and revives them by shedding unprofitable locations.

 

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I have a husband named Brooke. He has 5 brothers. I call the Brooke’s Brothers all the time. Hahaha. 👨🏻👨🏻👨🏻👨🏻👨🏼

The next issue of SI will be brought to you by new Authentic Brands Group property, Brooks Brothers. Cause you know synergy

such a shame. i own one BB american-made suit, and had been planning to buy two more — now i don’t know where to get good quality but not prohibitively expensive american-made tailored suits.

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Not sure how this company can acquire a company when they just laid off 75-80% of their staff. I know someone laid off back in March

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