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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 ...
Retrieved from "https://en.wikipedia.org/w/index.php?title=The_Men%27s_Wearhouse&oldid=906747149"
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 ...
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