BOSTON — May 21, 2020 — Gordon Brothers — a global advisory, restructuring, and investment firm — announced today that it has provided a $20 million secured term loan facility to Brooks Brothers Group Inc., the prototypical American apparel retailer headquartered in New York City. A family business founded in 1818, the company has grown into a truly global brand with stores across the United States and Canada as well as a footprint that spans over 70 countries.
“We are excited to provide a capital solution to one of the most iconic American apparel brands in the market today,” commented Ramez Toubassy, president of Brands for Gordon Brothers. “With a heritage of over 200 years, global brand awareness and broad consumer affinity, Brooks Brothers is a brand that is positioned to thrive for the long run.”
“Gordon Brothers’ experience with brand-focused financings allowed them to quickly and commercially put together a financing solution for Brooks Brothers that will allow us to execute upon our operating plan,” said Steven G. Goldaper, executive vice president and CFO for Brooks Brothers Group.
Gordon Brothers’ Brands division values, acquires, restructures and invests globally in underleveraged, distressed, or dormant intellectual property to help revive and reimagine some of the world’s most iconic brands.
Posted May 22, 2020
Source: Gordon Brothers