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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 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.
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.
After five months of drama, Men's Wearhouse finally snared Jos. A. Bank in a $1.6 billion merger that will create a mammoth men's suits retailer with 1,700 stores, 23,000 employees, and an ...
Here's what menswear experts Derek Guy and Kirby Allison want you to take away from 2024 and what you need to know for 2025.
In 1909, leading industries in New York City were manufacturers of clothes for women and men, [16] and New York's function as America's culture and fashion center also helped the garment industry by providing constantly changing styles and new demand; in 1910, 70% of the nation's women's clothing and 40% of the men's was produced in New York City.
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.
Bergdorf Goodman Inc. is an American luxury department store based in New York City, founded in 1899 by Herman Bergdorf. As of 2024, it operates a women's store and a men's store across the street from each other on Fifth Avenue in Midtown Manhattan. Since 2024 it has been owned by Saks Global, the American division of the Hudson's Bay Company.