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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 ...
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.
It's not like Men's Wearhouse wasn't given every opportunity to do the right thing following the takeover bid by Jos. A. Bank . After rejecting the initial $2.3 billion bid outright for being too ...
Reports that Men's Wearhouse was opening a Women's Wearhouse weren't on the button after all. In fact, Men's Wearhouse CEO George Zimmer said in the Wall Street Journal they were downright ...
His grandson, Joseph A. Bank, joined his small company in 1898, as a cloth cutter when he was 11 years old. Over the next ten years, Joseph became a wholesale salesperson, traveling in the South to sell pants. In 1905, Moses Hartz established a men’s clothing manufacturing company, which was taken over by his widow Lena Hartz in 1921.
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.
More men rented low-cost tuxedos from Men's Wearhouse (NYS: MW) during the second quarter, helping to kick sales up 22 percent. Revenue totaled $655.5 million, up from nearly $537 million a year ...
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