Just read today in the Real Deal blog, another clothing retailer is going to get a major alteration.
The next domino to fall: Brooks Brothers might be the next major retailer to go through bankruptcy.
Authentic Brands Group and Simon Property Group are in talks to buy the chain if it files for Chapter 11, according to Bloomberg. Simon, the biggest mall landlord in the country, has a strong interest in keeping its major tenants alive, while Authentic has a history of buying established brands in tough situations.
Brooks Brothers history
If the trend is to work from home, dress suit retailers are going to go through some rough times.