Brooks Brothers Commences Chapter 11 Cases to Support Value-Maximizing Sale Process and Obtain New Financing

NEW YORK--(BUSINESS WIRE)--Brooks Brothers, America’s oldest apparel company, today announced that it has commenced Chapter 11 cases in the United States Bankruptcy Court for the District of Delaware to facilitate a value-maximizing sale process. A transaction would ensure that the iconic Brooks Brothers brand is positioned to continue serving its loyal customers for years to come. The Company has also secured commitments for a debtor-in-possession (“DIP”) financing facility of $75 million from