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Brooks Brothers Accepts $350 Million Bid That Would Keep 125 Stores Open

Simon, Authentic Brands Boost Purchase Price for Iconic Clothing Brand in Bankruptcy

Brooks Brothers may have found a buyer in Simon Property Group and Authentic Brands Group with their $350 million bid for the brand. A judge will decide on Friday. (Getty Images)
Brooks Brothers may have found a buyer in Simon Property Group and Authentic Brands Group with their $350 million bid for the brand. A judge will decide on Friday. (Getty Images)

At least a quarter of Brooks Brothers’ brick-and-mortar stores could be saved from the dustbin if a judge approves a $325 million bid from Simon Property Group and Authentic Brands Group on Friday to purchase the 200-year-old retailer out of Chapter 11 bankruptcy protection.

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