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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.
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.
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.
Earlier today, Men's Wearhouse announced that founder George Zimmer had been removed from his position as executive chairman, and that his ongoing relationship with the company was uncertain. The ...
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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 ...
While Abboud was employed as its creative director, Men's Wearhouse Inc. (now Tailored Brands Inc.) reacquired the Abboud and JOE by Joseph Abboud trademarks in 2013. [ 13 ] After getting back the legal right to his brand in 2013, Abboud set up e-commerce , opened a Madison Avenue flagship store and produced full-scale fashion shows .
In 2013, Budd was acquired by a group led by Stephen Murphy, [6] former owner of Saville Row tailor H. Huntsman & Sons and board member of the Brown Thomas Group. [ 7 ] [ 8 ] [ 9 ] In 2020 Budd collaborated with model and photographer, Laura Bailey and stylist Cathy Kasterine, to create a collection of shirts and nightwear for women under the ...