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The Best of Nuzzel

Wed, Jul 8 2020

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Storied apparel brand Brooks Brothers files for bankruptcy, as it seeks a buyer and closes dozens of stores
CNBC – Lauren Hirsch – Jul 8, 2020, 5:02 AM

Published Wed, Jul 8 2020 8:02 AM EDT Brooks Brothers filed for bankruptcy on Wednesday. The retailer, which generated more than $991 million in sales last year, has more than 200 stores in North America and 500 worldwide. It has already decided to…

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Edinburgh threatens to defy London on post-Brexit legislation
The Financial Times – Mure Dickie in Edinburgh, Peter Foster in Brighton and Jim Pickard in London – Jul 7, 2020, 8:00 PM

The Scottish government has threatened to defy proposed UK legislation allowing Westminster unilaterally to set food and environmental standards, setting the stage for the biggest constitutional stand-off between London and Edinburgh since the 2016…

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Brooks Brothers, Hurt by Casual Fridays and Coronavirus, Files for Bankruptcy
The Wall Street Journal – Suzanne Kapner – Jul 8, 2020, 5:17 AM

Brooks Brothers, which dressed the American business class in pinstripes for more than 200 years, survived two world wars and the shift to casual dressing. But it was no match for the coronavirus pandemic. The closely held company, which is owned…

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Lagarde puts green policy top of agenda in ECB bond-buying
The Financial Times – Roula Khalaf in London and Martin Arnold in Frankfurt – Jul 7, 2020, 9:00 PM

Christine Lagarde, president of the European Central Bank, has opened the door to using its €2.8tn asset purchase scheme to pursue green objectives, promising to examine changes to all of its operations in the fight against climate change.

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Leaked Liz Truss letter warns Boris Johnson's Brexit plans risk legal challenge
Business Insider – Adam Payne – Jul 8, 2020, 8:38 AM

EXCLUSIVE: UK International Trade Secretary Liz Truss has privately raised her deep concerns about Boris Johnson's Brexit border plans in a letter leaked to Business Insider. The UK has announced that full border controls on goods will not come in…

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