Today in the connected economy, Google makes a $1 billion investment in India’s Bharti Airtel, while Brooks Brothers and Citi extend their consumer credit alliance. Also: how Apple had a quarter that defied supply chain woes. Google Investing $1B in India’s Bharti Airtel Google will...
Brooks Brothers and Citi Retail Services are extending their consumer credit card alliance in a collaborative drive to revolutionize omnichannel payment options, according to a press release on Friday (Jan. 28). The new agreement between the two iconic brands supports their common goal to advance...
Brooks Brothers has locked in a $80 million loan without interest after the iconic American retailer filed for bankruptcy, Hypebeast reported. Garrett Fail, the merchant’s attorney, said to U.S. Bankruptcy Judge Christopher Sontchi, “I’m convinced the terms will be the best that can be achieved.”...
The speed and scale of change in the retail sector has been accelerating by the week during the pandemic. Iconic companies that started the year with a decent balance sheet are now defaulting on lease payments and filing for bankruptcy. Innovative companies are pivoting to...
May 14, 2024
Consumers are increasingly buying clothing from third-party digital marketplaces, forcing more retailers to close shop. Most recently, Ted Baker’s North American business announced Friday (May 10) that amid bankruptcy proceedings in the United States, it is closing 40 locations across the U.S. and Canada, kicking off liquidation sales. It also announced closing sales at eight Brooks Brothers locations and seven Lucky Brand stores in Canada. […]
January 28, 2022
Brooks Brothers and Citi Retail Services are extending their consumer credit card alliance in a collaborative drive to revolutionize omnichannel payment options, according to a press release on Friday (Jan. 28). The new agreement between the two iconic brands supports their common goal to advance omnichannel engagement and develop customer relationships that span generations. Brooks […]
July 13, 2020
Brooks Brothers has locked in a $80 million loan without interest after the iconic American retailer filed for bankruptcy, Hypebeast reported. Garrett Fail, the merchant’s attorney, said to U.S. Bankruptcy...
June 05, 2020
Brooks Brothers is in talks with banks about securing cash for a potential bankruptcy that could come within weeks, as COVID-19 has crushed sales for the 202-year-old retailer, sources told...
May 15, 2017
Over the past 11 months, Brooks Brothers’ customers at various brick-and-mortar locations in the U.S. and Puerto Rico had their payment card information compromised. This past week, the U.S.-based clothing company...
