The long-established store "Brooks Brothers" went bankrupt at 6:50 on July 9th.
The American fashion brand "Brooks Brothers", known for its fashion style called "American Trad" and used by successive presidents, broke its management on the 8th. In addition to sluggish business performance, it seems that the cash flow was stalled due to long-term store closures due to the spread of the new coronavirus.
According to the company's announcement, the Brooks Brothers filed with the court on the application of Article 11 of the Commonwealth Bankruptcy Code, which is the Civil Rehabilitation Law of Japan.
Founded in New York in 1818, the Brooks Brothers have become popular in what is called the "American Trad" fashion style, with a dark blue jacket, button-down shirt and a regimental tie.
It is also known to have been used by former President Kennedy and others, and it has expanded into Japan more than 40 years ago, and has opened nearly 80 stores.
However, sales have been sluggish for the past few years, and the spread of the new coronavirus has forced the company to leave for a long period of time, which seems to have stalled its cash flow.
The company said that the spread of new virus infections had a particularly serious impact on the retail industry, and it is looking to rebuild the management by looking for new support.