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Edelman is handling the Brooks Brothers bankruptcy as America's oldest apparel company falls to the casualization of corporate attire and pressures from the COVID-19 pandemic shutdowns.
The company pitches the reorganization as a way to facilitate its sale, which would "ensure that the iconic Brooks Brothers brand is positioned to continue serving its loyal customers for years to come."
“Our priority is to start this important chapter with a new owner that has appreciation for the Brooks Brothers legacy, a vision for its future, and aligns with our core values and culture," said CEO Claudio Del Vecchio.
Brooks Brothers, which was founded in 1818, plans to close 51 of its 200 stores in the US. It has 500 stores worldwide.
Earlier this year, it announced a plan to close factories in New York City, Haverhill (MA) and Garland (NC).
Edelman's Arielle Patrick and Allison McLarty handle Brooks Brothers.
Edelman handles Viking Holdings, the river and ocean luxury cruise line that plans to raise $1B via an IPO priced in the $21 to $25 per share range.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
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