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After months of speculation and preparation, Tailored Brands has joined the retail parade in bankruptcy court. The company’s situation was exacerbated by its dependence on tailored clothing and ...
Tailored Brands Inc. stepped out of bankruptcy in December, but its financial challenges since have cast a pall over the proceedings. The men’s wear company, which owns clothing brands including ...
Tailored Brands. Tailored, which owns Men's Wearhouse, Jos. A. Bank, and K&G brands, filed for Chapter 11 in August 2020. The company, hit hard by a major drop in demand for business attire and ...
Tailored Brands, Inc. is an American retail holding company for various men's apparel stores, including the Men's Wearhouse and Jos. A. Bank brands. [3] The company is headquartered in Houston, Texas, with additional corporate offices in Dublin, California and New York, New York .
The Houston-based company in August filed for Chapter 11 bankruptcy, joining a list of brick-and-mortar retailers succumbing to the hit from the COVID-19 pandemic. Tailored Brands said on Tuesday ...
It was subsequently acquired by Marquee Brands and CSC Generation. [291] Tailored Brands, the owners of men's fashion retailers Men's Wearhouse, Jos. A. Bank, and K&G, filed for bankruptcy in August 2020 and closed 500 of its stores. It emerged from bankruptcy in late 2020.
During its bankruptcy, the company eliminated $686 million of debt from its balance sheet, closed some 500 stores and negotiated a $430 million asset-based loan facility, a $365 million exit-term ...
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