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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.
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 ]
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.
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. Its current headquarters are in the Toronto district of Etobicoke.
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Mark's is an apparel and footwear retailer, selling men's and women's industrial, business, casual and active clothing and footwear, as well as a full line of health wear, including hospital scrubs, hygienic wear and accessories. Mark’s holds a number of private labels, including Dakota, Denver Hayes and WindRiver.
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