‘Big-Name Designer’ Among the Changes Expected for Brooks Brothers

Expect a well-known designer and a restructuring team to make their appearance at Brooks Brothers within the next few months.

Those are just two of the changes that will be instituted quickly by its new owner, Jamie Salter, the founder and chief executive officer of Authentic Brands Group, who finalized the deal to purchase the 202-year-old retailer for $325 million on Friday through his Sparc Group partnership with Simon Property Group.

“This is a home run — a grand slam,” Salter told WWD shortly after the acquisition was finalized. “It is definitely one of the best deals we’ve done in the last 10 years.”

Salter said one of his partners at BlackRock, which last summer, through its Long Term Private Capital arm, invested $875 million into ABG, was the first one to tell him he should buy Brooks Brothers. “He travels all over the world and told me, ‘This brand

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Coronavirus Evictions Are Starting, With Millions More Expected By The End Of 2020

Mary Robinson could lose her apartment if she can’t come up with a pile of money, but her unemployment benefits shrank from nearly $900 to $247 last week. 

The 39-year-old mother of two in Rochester, New York, could face eviction as the economy sputters and Congress dithers over whether to pass another coronavirus relief bill. 

“People that are working and trying to maintain get the shit end of the stick,” she said.

There are 30 million to 40 million people in the United States at risk of being evicted by the end of the year, according to a report released Friday by the National Low Income Housing Coalition. Unless Congress acts to reimpose a moratorium on certain evictions, extend unemployment benefits or offer some other relief, these people could be forced out of their homes in the middle of an economic downturn and a pandemic.

“The urgency of the situation

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Stimulus package deal expected by end of week; US nears 5M cases; Clorox wipes shortage could stretch into 2021

A second round of coronavirus stimulus checks? Maybe.

Top Democrats and negotiators from the White House say a stimulus deal could be reached by the end of the week and approved as early as the following week, That could be good news for tens of millions of unemployed Americans whose $600 weekly boost in unemployment benefits has expired.

“We have to have an agreement, and we will have an agreement,” House Speaker Nancy Pelosi said.

Novavax Inc., of Gaithersburg, Maryland, became the fifth vaccine developer to release promising results of an early trial. The federal government is paying $1.6 billion to Novavax for 100 million doses.

Here are some significant developments:

  • Democrats, White House optimistic stimulus deal could be reached this week after both sides make concessions.

  • A group of voters backed by Republican lawmakers sued Minnesota state and local officials to try to block a face mask requirement at

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Prince Joachim of Denmark Expected to Make Full Recovery from Emergency Brain Surgery

Prince Joachim of Denmark is on the road to recovery following emergency surgery for a blood clot on his brain.

The 51-year-old royal – who was treated at the University Hospital of Toulouse in France on Saturday – is “expected to be moved from the intensive care unit soon,” the Royal House announced in a statement on Tuesday.

“After the recent days of hospitalization and treatment in the intensive care unit, it is now the doctors’ assessment that Prince Joachim will not have physical or other consequences as a result of the blood clot,” the statement continues.

“The blood clot in the brain was due to a sudden dissection of an artery, and the hospital’s medical team estimates that the risk of recurrence is very small once the artery has healed.

“Prince Joachim is expected to be moved from the intensive care unit soon but will continue to be hospitalized

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‘I Never Expected’ It Would Affect Me

With so much of the country still on hold because of the coronavirus pandemic, Olympic skier Mikaela Shiffrin recently opened up about finding resources that can help those who are feeling the weight of these difficult times.

The 25-year-old joined a Colorado crowd through video chat on Sunday to talk about art and how she has used it to support her own mental health during her career and after recently losing her grandmother and father.

“Art has had such a positive impact on my life — not just my life, but my career and my mind, my whole mindset,” Shiffrin told the crowd at Nottingham Park for the He(art) of Vail Valley’s Youth event hosted by Mountain Youth. “I’ve learned some things along the way through ski racing that have translated into every aspect of my life, and I think could help others in their own lives.”

“My family has

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