The owner of Tommy Hilfiger and Calvin Klein has revealed that it is closing its heritage brands retail business as part of efforts to streamline its operations in North America in the wake of the Covid-19 pandemic.
Minimalist lifestyle brand Muji’s U.S. subsidiary has filed for Chapter 11 bankruptcy protection, its Japanese owner Ryohin Keikaku Co said on Friday, joining the list of casualties from the coronavirus pandemic.
Men's apparel brand Brooks Brothers filed for Chapter 11 bankruptcy on Wednesday, joining a long list of retailers including Neiman Marcus that have crumbled under the impact of the coronavirus crisis.
As uncertainty related to the Covid-19 crisis continues, the historied American fashion brand is reportedly looking for a buyer, having extended a sale process which was initially set in motion at the end of last year.
The Nelsonville, Ohio-based footwear maker announced declining Q1 sales on Tuesday, as disruptions related to the Covid-19 pandemic took their toll, principally on the company’s wholesale and military segments.