American clothing retailer Brooks Brothers will be opening its first store in Romania, in September, in shopping center Baneasa Shopping City. The Brooks Brothers Romanian franchise will be operated by LT Apparel Romania, a joint venture between FF Group Romania and greek company LT Apparel.
The newly created company has a EUR 500.000 share capital and is owned 51 percent by LT Apparel and 49 percent by FF Group Romania.
FF Group Romania, part of Folli Follie Greece, owns a national network of stores, among which monobrand clothing stores (Nike, Folli Follie, Calvin Klein Jeans), multibrand (Collective, _kix) and outlets. LT Apparel owns distribution and promotion rights for Brooks Brothers in Greece, Cyprus, Monaco and Balkan countries.
Brooks Brothers is the oldest men’s clothier chain in the United States and is headquartered on Madison Avenue in Manhattan, New York City