Brooks Brothers, the iconic American ready-to-wear brand established in 1818, is reportedly considering a sale, as reported by Italian business newspaper Milano Finanza. Owned by Italian entrepreneur Claudio Del Vecchio since 2001, the brand has attracted interest from various Anglo-Saxon investment funds and industry groups. While no consulting bank has been officially appointed for the sale yet, discussions are underway for the potential acquisition of the company.
Celebrating its bicentennial in Florence last year, Brooks Brothers has shown steady growth, with revenues reaching $1 billion. The majority of sales, about 65%, still come from the United States, with a notable portion coming from Japan. The brand, well-known for its classic button-down collar shirts, has experienced a surge in popularity in Europe, doubling its turnover over the past six years. In addition to its strong presence in men’s clothing, Brooks Brothers has also expanded its women’s fashion offerings, with renowned designer Zac Posen leading the collections since 2014. Posen, who has decided to discontinue his own brand, continues to collaborate with Brooks Brothers on their women’s line.
When questioned about the potential sale, Brooks Brothers declined to comment on the matter. The future of this historic American fashion institution remains uncertain as discussions with potential buyers progress. Whoever acquires the brand will inherit a legacy of timeless style and craftsmanship that has defined Brooks Brothers for over 200 years.
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