September 11, 2020
Brooks Brothers Group Inc., an American lifestyle brand that markets and sells footwear, eyewear, bags, and jewellery, was declared a foreign representative of itself, Brooks Brothers Canada Ltd., and 12 other affiliated debtors-in-possession (collectively, the "Chapter 11 Debtors") under the CCAA on September 11. Prior to the COVID-19 pandemic, the company was already negatively impacted by significant operational and manufacturing challenges due to shifting retail industry trends in recent years. Since the Chapter 11 Debtors filed for bankruptcy in July, they have successfully completed a sale to SPARC Group LLC of substantially all of the Chapter 11 Debtors' assets, including the assets of Brooks Brothers Canada. Alvarez & Marsal was appointed information officer. Counsel is Osler for the company, Torys for the information officer, and Goodmans for the SPARC Group LLC.