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Tailored Brands' predecessor, Men's Wearhouse, was founded in 1973 by George Zimmer as a retail men's clothing store. The business had grown to 100 stores by the time it held an IPO in 1992, raising $13M. [6] Zimmer turned Men's Wearhouse into an industry consolidator, acquiring numerous competitors throughout his tenure leading the firm.
Men’s Wearhouse 2.0. That’s one way to describe the ambitious new store design program the retailer has created to update and modernize its fleet. This Next-Gen concept was created by Tailored ...
Last month menswear retailer Jos. A. Bank offered to buy rival Men's Wearhouse for $2.3 billion, or $48 per share. This represented a 36% premium over the previous closing price. Shares of Men's ...
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A Bank turned down the takeover offer from competitor Men’s Wearhouse, saying the $1.54 billion bid was far too low. [ 6 ] On February 14, 2014, Jos. A. Bank Clothiers announced plans to buy outdoor retailer Eddie Bauer in an $825 million deal. [ 7 ]
In 1999, the Moores Retail Group was acquired by American-based The Men’s Wearhouse, Inc. (renamed Tailored Brands in 2016). [ 2 ] [ 3 ] Today, Moores has 126 retail locations situated all over Canada and employs over 1200 people.
Earlier today, Men's Wearhouse announced that founder George Zimmer had been removed from his position as executive chairman, and that his ongoing relationship with the company was uncertain. The ...