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the-wall-street-journal:-brooks-brothers-bought-by-venture-backed-by-authentic-brands,-simon-property

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The Wall Street Journal: Brooks Brothers bought by venture backed by Authentic Brands, Simon Property

The Wall Street Journal

$325 million deal for America’s oldest apparel company

The Brooks Brothers store along the Magnificent Mile in Chicago.


Getty Images

A venture backed by apparel-licensing firm Authentic Brands Group LLC and mall owner Simon Property Group Inc.
SPG,
+2.56%

has agreed to buy Brooks Brothers Inc. for $325 million.

The proposed purchase of America’s oldest apparel company, which requires bankruptcy court approval, includes a commitment to keep 125 Brooks Brothers stores open. The retailer has roughly 200 stores in North America.

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