Retail

Brooks Brothers poised to be acquired by Authentic Brands-Simon venture

Brand-licensing company WHP Global Inc. has bowed out of the race for Brooks Brothers Inc., according to people familiar with the matter, leaving a venture backed by apparel-licensing firm Authentic Brands Group LLC and mall owner Simon Property Group Inc. poised to take control of the bankrupt retailer.

What is Amazon Prime Day?

Amazon initially launched the program as a way to celebrate the company's 20th birthday.