Brooks Brothers' Haverhill Factory Sold For $14 Million
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HAVERHILL (CBS) - The Brooks Brothers' Southwick factory in Haverhill has been sold.
Eastern Real Estate will buy the building and 21 acres of the property for $14 million.
Brooks Brothers filed for bankruptcy six weeks ago.
Two other firms - the mall owner Simon Properties and Authentic Brands - have bought Brooks Brothers.
It's unclear what the sale means for the 400 people who work at Southwick. Their union sent a letter to the CEO of Authentic Brands asking him to save the factory and keep manufacturing in the U.S., but so far, there's been no response.
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