- Tailored Brands Inc (NYSE: TLRD) — the parent company of Men’s Wearhouse and Jos. A. Bank — has filed for bankruptcy protection
Tailored Brands Inc (NYSE: TLRD) — the parent company of Men’s Wearhouse and Jos. A. Bank — has filed for bankruptcy protection. The bankruptcy was filed at the U.S. Bankruptcy Court in the Southern District of Texas.
This is one of several retailers that have been hit hard by competition against e-commerce retailers and the COVID-19 shelter-in-place lockdown. J.C. Penney & Co, J. Crew Group, and Neiman Marcus Group also recently filed for bankruptcy.
Tailored Brands was originally founded in 1973 by George Zimmer. Zimmer was CEO of Men’s Wearhouse until 2011 and became a spokesperson for the brand until 2013 where he was featured in ads saying “You’re gonna like the way you look… I guarantee it.”
About a year after firing Zimmer in 2013, Tailored Brands acquired Jos. A. Bank in a deal worth $1.8 billion.
