Tag: seeks

Brooks Brothers seeks bankruptcy protection amid pandemic

Image copyright Getty Images Brooks Brothers, one of America’s oldest clothing brands, has become the latest US retailer to file for bankruptcy protection. The menswear company, which is more than 200 years old, sought court protection from creditors on Wednesday while it looks for a buyer. It had already shut some stores and prepared to close its US factories. Known… Read more →

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Coronavirus: Watchdog seeks new powers to fight inflated prices

Image copyright Getty Images Image caption Reports of price-gouging have involved hundreds of businesses, the CMA says The UK’s consumer watchdog has asked the government to bring in emergency laws to stop retailers profiteering during the coronavirus pandemic. The Competition and Markets Authority said it had written to “hundreds of businesses” charging inflated prices for products such as hand sanitisers.… Read more →