Who is the founder of Mens Wearhouse?
In 1973, Robert Elkin Zimmer and his son, George Zimmer, co-founded The Mens Wearhouse in Houston, Texas. George Zimmer and his college roommates opened the first Men's Wearhouse store in 1973 in Houston.
Why did Zimmer step down as CEO of men's Wearhouse?
"Mr. Zimmer had difficulty accepting the fact that Men's Wearhouse is a public company with an independent Board of Directors and that he has not been the Chief Executive Officer for two years," the board said.
How many stores does men's Wearhouse have?
Under Zimmer, Men's Wearhouse became one of the largest speciality men's retailers with 1,143 stores across the country -- a count that includes Moores and K&G Stores in addition to the namesake chain.
What is the slogan for men's Wearhouse?
George Zimmer and his college roommates opened the first Men's Wearhouse store in 1973 in Houston. Beginning in 1986, Zimmer narrated and appeared in many of his company's television commercials, usually closing with the company slogan: "You're going to like the way you look. I guarantee it."
Who is the owner of Men's Wearhouse?
Zimmer is now the founder, chairman, and CEO and of Generation Tux, an online tuxedo and suit rental platform, and zTailors, a national network of on-demand tailors for men and women....George ZimmerOccupationBusinessmanKnown forFounder, Men's WearhouseSpouse(s)Lorri ZimmerChildren42 more rows
Why is Men's Wearhouse failing?
The owner of Men's Wearhouse and JoS. A. Bank, which once dominated the market for affordable men's suits, filed for bankruptcy protection late Sunday, as demand plummeted for its corporate clothing with the coronavirus pandemic keeping America's office workers at home.
How much is Men's Wearhouse worth?
The retailer is only worth about $655 million today. At the time of the Jos. A. Bank deal, Men's Wearhouse alone was worth some $2.6 billion (and it paid $1.8 billion for its rival).
How old is George Zimmer?
73 years (November 21, 1948)George Zimmer / Age
Did Men's Wearhouse get sued?
Men's Wearhouse Sued By Groom Who Claims You're Gonna Hate the Way You Feel.
Who did Men's Wearhouse merger with?
Jos. A. Bank ClothiersMore than six years ago, Men's Wearhouse acquired Jos. A. Bank Clothiers. In 2016, the company announced the creation of Tailored Brands as a publicly traded holding company for the chains.
Where is Men's Wearhouse headquarters?
Fremont, CAMen's Wearhouse / Headquarters
How much does a full suit cost?
How much should a good quality custom tailored suit cost you? Well, funnily enough, it's about the same as a regular priced off-the-rack suit: $500 to $800 range: Good quality. $800 to $1,200 range: Very good quality.
How fast can I get a suit at Men's Wearhouse?
Your tux or suit should arrive at your door roughly 7 days before your event. Once you have your tux or suit, try it right away.
Who owns generation tux?
Gen Tux, Inc.Generation Tux / Parent organization
Who owns tailored brands now?
Tailored Brands was bought out by LDC for £50M on Aug 20, 2019 .
When was Men's Wearhouse founded?
1973, Houston, TXMen's Wearhouse / Founded
Is Men's Wearhouse in financial trouble?
The parent company of Men's Wearhouse and Jos. A. Bank has announced it has emerged from Chapter 11 bankruptcy. Tailored Brands Inc. said it had eliminated $686 million of debt.
Is Tailored Brands going out of business?
Fears of a second bankruptcy Tailored Brands announced its emergence from bankruptcy on Dec. 1. At the time, then-CEO Dinesh Lathi said that his company was “confident we are well-positioned for the future and look forward to building upon this momentum as we enter this next chapter.”
When did today's man close?
April 24, 2003Today's ManIndustryclothing retailerDefunctApril 24, 2003FateBankruptcy and liquidationArea servedNew York City, Philadelphia, and Washington, D.C.Productsmen's wear
Who owns Tailored Brands?
Tailored Brands was bought out by LDC for £50M on Aug 20, 2019 .
Who started Men's Wearhouse?
Men's Wearhouse. Robert Elkin Zimmer started his own manufacturing company Royalad Apparel which he later expanded into Zimco Industries. In 1973, Robert Elkin Zimmer and his son, George Zimmer, co-founded The Mens Wearhouse in Houston, Texas. George Zimmer and his college roommates opened the first Men's Wearhouse store in 1973 in Houston.
Why was Zimmer dismissed from Men's Wearhouse?
On June 19, 2013, The Men's Wearhouse board dismissed Zimmer for unspecified reasons and declined to offer any explanation in its press release. The press release stated that terms of Zimmer's severance were still to be discussed with him.
How much did Zimmer's stock close on June 19?
The day prior to his June 19 firing Men's Wearhouse stock closed at $37.47, indicating a value of Zimmer's holdings in the company of $67.45 million. The company made $2.48 billion in sales for the fiscal year ending in February 2013.
Who is the CEO of Generation Tux?
Zimmer is now the founder, chairman, and CEO and of Generation Tux, an online tuxedo and suit rental platform, and zTailors, a national network of on-demand tailors for men and women.
Who is George Zimmer?
4. George Zimmer (born November 21, 1948) is an American businessman. He is the founder, former executive chairman (1973–2013) and former CEO (1973–2011) of the Men's Wearhouse, a clothing retailer with more than 1,200 stores in the US and Canada, under the brands Moores, Men's Wearhouse and K&G Superstores. After leaving his executive position ...
Why did Men's Wearhouse fire the founder?
Initially, Men's Wearhouse didn't provide a reason for the firing, instead choosing to release a terse statement announcing Zimmer's departure. The founder shot back, accusing the board of attempting to mute his voice, before quitting the retailer's board of directors outright.
How many stores does Zimmer have?
Under Zimmer, Men's Wearhouse became one of the largest speciality men's retailers with 1,143 stores across the country -- a count that includes Moores and K&G Stores in addition to the namesake chain.
What is the statement from the board of Zimmer?
The statement from the board describes a deep rift between the board and Zimmer over a variety of strategic initiatives, and a fight for power at the top rungs of the company.
Did Zimmer support the management team?
According to the board's statement, Zimmer refused to support the management team unless they agreed to do his bidding. He wanted power to veto corporate decisions, including executive compensation. They also clashed over the fate of K&G -- a men’s, women’s and children’s apparel chain owned by Men's Wearhouse. Plus, the board claims that Zimmer argued for a sale of Men's Wearhouse to an investment group, even though the board disagreed vehemently.
Who is George Zimmer?
George Zimmer, the founder and former executive chairman of Men’s Wearhouse, issued an ultimatum to his colleagues on the board of directors, according to a statement from the board released Tuesday morning.
Is Men's Wearhouse a public company?
The board contends that he had trouble handing over the reins of the company. “Mr. Zimmer had difficulty accepting the fact that Men’s Wearhouse is a public company with an independent Board of Directors and that he has not been the Chief Executive Officer for two years,” the board said.
Who is the CEO of Neiman Marcus?
One insider told On The Money the move is evidence that Neiman Marcus CEO Geoffroy van Raemdonck ’s “leadership style of putting himself first is catching up to the company. It’s no longer the destination for retail talent.”
Is Neiman a woman owned business?
A source close to Neiman added that the retailer is “a woman co-founded and majority-women-led business.” All of Neiman’s board committees are chaired by women and 70 percent of its executive team are women, the source noted.
