Men’s Wearhouse news and archive

Tailored Brands secures 75 million dollars in financing

Men’s Wearhouse owner Tailored Brands has announced 75 million dollars in new financing following its emergence from Chapter 11 bankruptcy late last year. The financing comprises 50 million dollars of mandatory convertible notes and 25 million dollars in additional senior secured debt, and will provide additional liquidity for the business as it...

Business

Tailored Brands 'likely' to file for bankruptcy in third quarter

Men's Wearhouse owner Tailored Brands has announced it is 'likely' it will file for bankruptcy in the third quarter as it grapples with the impact of Covid-19. The company said the impact of the pandemic has “raised substantial doubt about [its] ability to continue as a going concern within one year of the date that [its] condensed consolidated...