Men’s Wearhouse founder and longtime CEO George Zimmer is a familiar face from appearing in his company’s commercials for decades, and now he’s trying to figure out how to take the company he started back. Would the existing suit and tuxedo rental businesses mesh well with his online tux-rental and tailor-dispatching companies? A private Men’s Wearhouse (or holding company Tailored Brands, as it’s now known) wouldn’t have to answer to crowds of shareholders, but would have a lot of debt to pay down. [More]
Tailored brands
Owner Of Jos. A. Bank, Men’s Wearhouse Closing 250 Stores This Year
By 3.10.16
The retirement of Jos A. Bank’s long held “buy-one-get-three-free suits” sales apparently did nothing to help parent company Tailored Brands spur sales in the last year. In fact, the company, formerly known as Men’s Wearhouse, says it lost $1 billion in 2015. As a result, it now plans to shutter 250 of its men’s clothing stores, including all Jos A. Bank and Men’s Wearhouse outlets. [More]
