Tailored Brands news and archive

WHP Global and Tailored Brands renew licensing partnership for Joseph Abboud

WHP Global and menswear retailer Tailored Brands have extended their licensing partnership for the Joseph Abboud brand. Under the extended long-term agreement, the company said in a release, Tailored Brands will continue to design, manufacture, market, and sell Joseph Abboud branded tailored clothing and sportswear in the United States and...

Business

Peter Sachse becomes sole CEO of Tailored Brands

After serving for nearly three years as joint chief executive officer of Tailored Brands, Macy’s veteran Peter Sachse will now be taking on the position permanently as the groups’ sole CEO. Sachse first stepped into the company as a board member before he was assigned the role of co-CEO alongside fellow director Bob Hull in March 2021. The duo...

Business

Tailored Brands names new chief legal officer

Tailored Brands has announced the appointment of Yen D. Chu as its executive vice president, chief legal officer and corporate secretary, effective December 26, 2022. Chu joins the group, which owns the likes of Men’s Wearhouse, Jos. A. Bank and Moores, boasting 25 years of brand and consumer-facing experience for both private and publicly...

BusinessFeatured

Bob Hull and Peter Sachse to continue as Tailored Brands co-CEOs

Tailored Brands, Inc. has announced that board members Bob Hull and Peter Sachse will continue as co-CEOs moving forward to provide continuity to the organisation. The company said in a release that Hull and Sachse were both appointed as interim co-CEOs and joined the company’s board on March 16, 2021. Since that time, they have solidified a...

People

Tailored Brands names Brandy Richardson as its new CFO

Tailored Brands, Inc. has announced the appointment of Brandy Richardson as its chief financial officer (CFO), effective November 8, 2021. Richardson, the company said, joins Tailored Brands with more than 20 years of experience in finance, business transformation, strategic planning and execution, capital allocation, investor relations, process...

People

Tailored Brands names Scott Vifquain as chief technology officer

Tailored Brands, Inc. has announced the appointment of Scott Vifquain as its executive vice president and chief technology officer (CTO). Vifquain, the company said, joins Tailored Brands with extensive technology and retail experience as well as a proven track record of transforming business operations and identifying and introducing...

PeopleFeatured

Tailored Brands ropes in three new senior retail executives

Tailored Brands, Inc. has announced the appointment of three retail veterans to its leadership team. The company said, John Tighe has been appointed executive vice president (EVP) and chief customer officer, Karla Gray has assumed the role of EVP and chief stores officer and Tim Cooksey has joined the organization as SVP of real estate. “We are...

People

Tailored Brands CEO Dinesh Lathi to step down

Tailored Brands, Inc. has announced that Dinesh Lathi will step down from his role as president and chief executive officer, effective March 26. The company said in a statement that board members Bob Hull and Peter Sachse will act as Interim Co-CEOs while the board searches for a permanent successor. “It has been my pleasure to work as part of...

Business

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 expects to exit Chapter 11 bankruptcy by end of November

Men’s Wearhouse owner Tailored Brands has announced it expects to exit Chapter 11 bankruptcy by the end of November after winning approval for its reorganisation plan by the US Bankruptcy Court for the Southern District of Texas. The company filed for bankruptcy back in August after experiencing a significant hit from Covid-19. In July, the...

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...

Business

Tailored Brands Q1 sales decline by 60.4 percent

Tailored Brands, Inc. reported total retail comparable sales up 2.4 percent and all brands positive in February, however, the company said, in response to the Covid-19 pandemic, on March 17, Tailored Brands closed all stores and on March 20 it closed all e-commerce fulfilment centres in the U.S. and Canada. The company’s e-commerce fulfilment...