MEN’S WEARHOUSE CHANGES NAME TO TAILORED BRANDS, INC.
Men’s Wearhouse has announced that the company will implement a holding company structure and officially be known as Tailored Brands, Inc., based in Texas, effective January 31. Tailored Brands, Inc. will replace Men’s Wearhouse as the publicly held corporation, and beginning on February 1, the shares of Tailored Brands, Inc. will trade on the NYSE under the ticker symbol “TLRD”. The directors and executive officers of the company will not change.
As a result of this event, Men’s Wearhouse shareholders will become shareholders of the new Texas holding company on a one-for-one basis, automatically holding the same number of shares and same ownership percentage in Tailored Brands as they held in Men’s Wearhouse immediately prior to implementation.
“We believe the holding company structure will allow us to support, nurture and augment our family of brands as we further leverage our shared services platform,” said company CEO Doug Ewert.
No one was going to take them serious as a MTM player …….Mens Wearhouse is an outlet .
Tailored Brands is not that great either….but its a start in the correct direction.
“Joseph Abboud Custom”..