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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.
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 ...
On March 11, 2014, Jos. A. Bank and Men's Wearhouse announced that both boards of directors had agreed to merge, with Men's Wearhouse acquiring Jos. A. Bank for $1.8 billion. [10] As part of the deal, Bank terminated its plan to acquire Eddie Bauer, and they both formed the new entity Tailored Brands.
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On Dec. 23, Jos. A. Bank Clothiers stole back the lead from The Men's Wearhouse by rejecting their all-cash offer of $1.54 billion. This follows a great deal of drama between the two companies ...
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 ...