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Brooks Brothers next released a line of clothing catering to Asian clientele. [25] Brooks Brothers store on Rodeo Drive in Beverly Hills, California. In 2008, the company began an extensive renovation of its flagship store at 346 Madison Avenue. [27] In January 2009, Brooks Brothers closed a smaller location at Fifth Avenue and 53rd Street in ...
In August 2020, it was announced that Brooks Brothers was sold to ABG and Simon Property Group, the biggest mall operator in the US. The new owners committed to continuing to operate at least 125 Brooks Brothers retail locations worldwide (down from 424 global locations before the COVID-19 pandemic). [26]
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In the ABG portfolio, Brooks Brothers name will continue to be marketed as an upscale traditional preppy brand, while Nautica will be marketed as a more affordable upper mid-price, modern athleisure brand. In 2021, it was announced that ABG would acquire the Izod brand from PVH, which offers several similar clothing styles to Nautica. [4]
New owners, ABG and SPARC, are negotiating with former Brooks Brothers owner Claudio Del Vecchio on the lease of the flagship, while Michael Bastian is in the running to be the designer.