A pedestrian wearing a mask walks past a Brooks Brothers storefront closed during the COVID-19 crisis on May 06, 2020 in Vancouver, Canada.
Andrew Chin | Getty Images
Brooks Brothers is talking to banks about raising financing for a potential bankruptcy that could come as soon as July, as the coronavirus pandemic squeezes the sales of the two-century-old retailer, people familiar with the matter tell CNBC.
Brooks Brothers is continuing a sale process it launched earlier this year to heavy interest, and could still conduct a sale without filing for bankruptcy, these people say.
However, its talks about so-called debtor-in-possession financing, which would support its operations in…