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Brooks Brothers, which filed for Chapter 11 on July 8, has zeroed in on a buyer and will seek court approval of its sale to stalking horse bidder Sparc Group at an Aug. 14 court hearing, the apparel retailer said Tuesday.
The acquirer, which is controlled by brand management firm Authentic Brands Group and real estate conglomerate Simon Property Group, won a competitive auction process conducted under bankruptcy protection with a $325 million offer. Investment bank PJ
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