Citi and Brooks Brothers Enter Credit Card Partnership
Today, Citi Retail Services and Brooks Brothers, the country’s longest established apparel brand, announced a multi-year credit card relationship. Citi will provide private label and co-branded credit cards for the retailer.
Citi currently provides private label and co-branded cards for a number of retailers, including Sears, Best Buy, Macy’s, The Home Depot, Volkswagen, Shell and ExxonMobil.
Citi will also acquire the existing credit card portfolio of Brooks Brothers.
“Brooks Brothers is one of the most iconic apparel and lifestyle brands in the world and we are pleased they chose us as a partner to continue to grow their business while serving their loyal, engaged customers,” said Citi Retail Services’ Craig Vallorano, Managing Director for Business Development and Strategy.
Citi has made some significant gains in 2015. In early March, Costco announced it was entering into a new co-brand credit card program with Citi, with Visa replacing American Express as the card network.