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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.
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 1905, Moses Hartz established a men’s clothing manufacturing company, which was taken over by his widow Lena Hartz in 1921. Their daughter, Anna Hartz, was a traveling salesperson for the firm. Although they were rivals in the business, Anna married Joseph Bank and in 1922, Joseph joined forces with his new mother-in-law and formed L ...
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 ...
Sure, you could just sell more and make more money, but this other way seems to be working pretty well for Men's Wearhouse and Jos. A. Bank. Both companies have seen their stocks surge more than ...
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 ...
Moores the Suit People, Corp. (operating as Moores Clothing for Men) is a Canadian company specializing in business clothing and formalwear for men. It is an affiliate of Men's Wearhouse in the United States. The company's ad slogan is "Well Made, Well Priced, Well Dressed".
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 ...
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