A business support service licensing company Authentic Brands Group LLC and Mall owner Simon Property Group of companies. Has agreed to buy the Brooks Brothers Company for $ 325 million.
The proposed purchase of America’s oldest clothing company, which requires bankruptcy court approval, including the commitment to maintain 125 Brooks Brothers stores open. The retailer has about 200 stores in North America.
The Sparc Group Limited Liability Company, the real brand-Simon-owned enterprises, the initial bid of$305 million for Brooks Brothers. Bankruptcy of the retailer has selected to provide as the result of, or track horse bid for its assets in a planned bankruptcy auction.
However, the deadline for competitors to provide last week passed, and no auction held.
Brand license of the company’s wellhead platform of a global company. Also expressed interest in the purchase of Brooks Brothers, but out of the race after the retailer selected Sparc as the tracking of horses, the Wall Street Journal reported Monday.