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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.
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.
After Hours Formalwear was a clothier that specialized in the renting of tuxedos and formal wear for men. Originally known as Mitchell's Formalwear and founded in 1946, After Hours was the result of the acquisition by Mitchell's of fellow clothiers Small's and Tuxedo World in the late 1990s, and later acquired and assimilated several other chains in the United States.
On Nov. 26, Men's Wearhouse proved its dominance in the men's apparel business for tailored suits, sportswear, footwear, and accessories by offering an all-cash deal with some debt financing of $2 ...
George Zimmer (born November 21, 1948) is an American businessman. He is the founder, former executive chairman (1973–2013) and former CEO (1973–2011) of the Men's Wearhouse, a clothing retailer with more than 1,200 stores [1] in the US and Canada, under the brands Moores, Men's Wearhouse and K&G Superstores.
A typical price increase for a bespoke fashion item is 15% higher than the price of a ready-made garment. [7] Making bespoke MTM garments takes longer than ready-to-wear (RTW), but not as long as making bespoke garments. Unlike Bespoke, which is traditionally sewn by hand, makers or tailors use MTM for both machine and hand sewing.
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