New Jersey based SPARC Group LLC planning to purchase Americas oldest apparel company Brooks Brothers for approximately $305 million. SPARC will acquire at least 125 Brooks Brothers retail locations is subject to court approval.
- SPARC intends to purchase substantially all the Companys global business operation
- Brooks Brothers was the first American brand to offer ready-to-wear clothing.
Brooks Brothers is a legendary international retailer with 200 stores in North America and 500 worldwide in 45 countries.
- SPARC is partially owned by Authentic Brands Group (ABG), a global brand development, marketing, and entertainment company.
About SPARC Group
SPARC Group LLC (SPARC), headquartered in Lyndhurst, New Jersey, the USA, is a global apparel manufacturing company. The company involves in designing, distribution, and marketing of apparel and accessories for men, women, and kids. The company has more than 2,600-plus multi-brand retail stores and shop-in-shops, a robust eCommerce platform, and leading wholesale accounts across Americas, Europe, and Asia Pacific.