• Brooks Brothers to be sold for $325 million after buyer hikes offer

    Brooks Brothers to be sold for $325 million after buyer hikes offer

    Brooks Brothers will likely be sold out of bankruptcy for $325 million this week after the storied retailer’s leading suitor hiked its offer by $20 million. The New York-based clothier picked Sparc Group LLC — a partnership between mall owner Simon Property Group and brand-licensing firm Authentic Brands Group — as its winning buyer late …
  • Bankrupt Brooks Brothers offered deal to sell for $305M

    Bankrupt Brooks Brothers offered deal to sell for $305M

    A shopping-mall giant and a brand-licensing firm have offered to buy Brooks Brothers out of bankruptcy for $305 million. Sparc Group LLC — a partnership between Authentic Brands Group and Simon Property Group, the nation’s largest mall operator — announced its bid late Thursday to acquire “substantially all” of Brooks Brothers’ global operations along with …