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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.
Family patriarch Simon Lazarus (1808–1877) opened a one-room men's clothing store in downtown Columbus in 1851. By 1870, with improvements to the industry in the mass manufacture of men's uniforms for the Civil War, the family business expanded to include ready-made men's civilian clothing, and eventually, a complete line of merchandise. [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.
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.
Retrieved from "https://en.wikipedia.org/w/index.php?title=The_Men%27s_Wearhouse&oldid=906747149"
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 Hours Formalwear was a clothier that specialized in the renting of tuxedos and formal wear for men. Originally known as Mitchell's Formalwear and founded in 1946, After Hours was the result of the acquisition by Mitchell's of fellow clothiers Small's and Tuxedo World in the late 1990s, and later acquired and assimilated several other chains in the United States.
Oxxford Clothes was founded in 1916 by Jacob and Louise Weinberg.The misspelling of "Oxford" was intentional.In 2016 Oxxford sold its historic building in Chicago's West Loop on Van Buren Street, [4] and moved to the Southwest Side on Archer Avenue near Midway Airport.
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