THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Authentic Brands Group completes acquisition of Brooks Brothers

Authentic Brands Group has completed its acquisition of US business wear retailer Brooks Brothers. The move follows Brooks Brothers’ filing for Chapter 11 bankruptcy protection in… View Article

FASHION RETAIL NEWS UK

Authentic Brands Group completes acquisition of Brooks Brothers

Authentic Brands Group has completed its acquisition of US business wear retailer Brooks Brothers.

The move follows Brooks Brothers’ filing for Chapter 11 bankruptcy protection in July after it struggled against the impact of the Covid-19 pandemic and a heavy debt load.

Jamie Salter, founder, chairman and chief executive of ABG, said: “We are thrilled to bring this world-class brand into the fold. Brooks Brothers comes at an important time in ABG’s development as we are placing a significant emphasis on growing our retail and ecommerce footprint.  We see a great opportunity to strategically expand this powerhouse brand across the globe.”

SPARC, the dedicated operating company for ABG-owned brands, will assume the role of core licensee for Brooks Brothers and will also manage its retail, wholesale and ecommerce operations.

Meanwhile, ABG will oversee all licensing partnerships, new business and brand development, although it will share the retailer’s brand marketing responsibilities with SPARC.

Marc Miller, chief executive of SPARC, said: “Brooks Brothers’ new structure is another example of how ABG and SPARC are innovating the traditional brand model. Our strategic partnership will allow us to leverage the tremendous equity of this quintessential American brand through key partnerships.”

 

Subscribe For Retail News