The $75M investment comes from a group of existing shareholders and lenders.
Tailored Brands is a leading omni-channel specialty retailer of menswear, including suits, formalwear and a broad selection of business casual offerings. Their brands include Men’s Warehouse, Jos A. Bank, Moores Clothing for Men and K&G Fashion Superstore.
This transaction will provide additional liquidity for Tailored Brands as it continues to advance its strategic plans to ensure it is best positioned to meet the evolving needs of its customers following the COVID-19 pandemic, and demonstrates the continued commitment of its investors to the long-term success of the Company.
“We are seeing solid momentum across all of our brands and continue to advance key strategic priorities, including enhancing our omni-channel experience, launching our Men’s Wearhouse Next-Gen stores, and evolving our merchandise assortment via new and expanding partnerships with Michael Strahan, Vera Wang and Alternative Apparel,” said Tailored Brands President and Chief Executive Officer Dinesh Lathi.
