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.
Who is the man in the men's Wearhouse commercials?
Zimmer starred in his first TV commercial in 1986, with the line "I guarantee it." Men's Wearhouse kept expanding, focusing on large markets where business was sluggish to take advantage of lower real estate costs.
Why did Steve Zimmer leave men's Wearhouse?
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 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.
How old is George Zimmer?
73 years (November 21, 1948)George Zimmer / Age
Who was the spokesman for Men's Wearhouse?
A Men's Wearhouse spokesman, Diego Louro, declined to comment, citing the quiet period before the company's next earnings release in early December.
Who was the founder of the Men's Wearhouse?
George ZimmerMen's Wearhouse / Founder
When was Men's Wearhouse founded?
1973, Houston, TXMen's Wearhouse / Founded
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.
Did Men's Wearhouse buy Joseph Banks?
The Men's Wearhouse company bought J. W. Bank Clothiers almost six years ago. The business was formed in 2016 by forming the publicly listed company, Tailored Brands.
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).
Who owns generation tux?
Gen Tux, Inc.Generation Tux / Parent organization
Who owns Jos. A. Bank?
Tailored BrandsJoS. A. Bank Clothiers / Parent organizationTailored Brands, Inc. is an American retail holding company for various men's apparel stores, including the Men's Wearhouse and Jos. A. Bank brands. The company is headquartered in Houston, Texas, with additional corporate offices in Fremont, California. Wikipedia
Who is the parent company of Men's Wearhouse?
Tailored Brands Inc.Houston-based Tailored Brands Inc., the parent company of Men's Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore, has selected its new leadership. Board members Bob Hull and Peter Sachse were appointed interim co-CEOs in March 2021 when previous CEO Dinesh Lathi stepped down.
Does Men's Wearhouse own Joseph Abboud?
Pursuant to the terms of the Merger Agreement, The Men's Wearhouse acquired JA Holding, Inc., the parent company of Joseph Abboud, in a cash merger transaction for approximately $97.5 million in cash, subject to certain adjustments, and JA Holding, Inc. will continue to operate as a wholly owned subsidiary of The Men's ...
How many Men's Wearhouse stores are there in the United States?
This is where the magic happens—retail items and tuxedo rentals are distributed to 600+ Men's Wearhouse stores across the nation. Every 2.5 hours, 2500 tuxedos are delivered.
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.
What is ztailors?
Citing the need to "bring the age-old tradition of tailoring into the modern day," Zimmer founded zTailors, "an on-demand personal tailoring service that gives everyone an opportunity to look their best with just a tap of their smartphone, " launching publicly in June 2015.
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.
What did Zimmer's mother die of?
Zimmer's experience caring for his mother, who died of cancer, led him to support research into the therapeutic use of MDMA, and for his efforts to legalize cannabis (for instance, by making donations equaling $170,500 to support California's Proposition 19 in 2010).
Where does Zimmer live?
Zimmer is married to Lorri, they have four children, and live in Oakland, California. Zimmer's style of corporate management (for example, the company's June 2004 nomination of spiritual guru Deepak Chopra to its board) is peculiar in the view of some, while others perceive his style as cutting-edge.
Where did Zimmer go to school?
Zimmer was born to a Jewish family in New York City. He attended primary school in Scarsdale, New York, before studying at Washington University in St. Louis where he was a member of the phi chapter of Sigma Alpha Mu, and where he earned a bachelor's degree in economics in 1970.
What happened to Zimmer when he was fired?
When Zimmer was fired, one in five suits purchased in the U.S. were coming from Men's Wearhouse. Jaffe, the Stifel analyst, calls Zimmer "lucky and smart," but says the company's success was a function less of Zimmer's management ideas and more of his having perfectly ridden the changing winds in mainstream men's retail.
What is Zimmer's Uber?
In addition to Generation Tux, there's zTailors(the zis for Zimmer)--essentially an Uber that summons tailors for house calls.
How many tailors did Zimmer have?
Zimmer had leaned on his former Men's Wearhouse talent to build his initial roster of 600 tailors--and in one move, Men's Wearhouse eliminated around 150 of them. Then a deal Generation Tux had made with Macy's to offer tux rental online and via in-store kiosks evaporated while in legal review.
What company did George Zimmer start?
Path to Purpose. Fired From the Company That Made Him Famous, an Entrepreneur Seeks Payback. Once, George Zimmer had a startup called Men's Wearhouse. He made it famous, and vice versa. Then he got pushed out and founded two more companies. But he still wants the old one back. Shape.
How many men's wearhouses were there when it went public?
Men's Wearhouse had about 100 stores when it went public, and afterward, 50 or 60 new ones opened each year. It was anything but a conventional public company: Zimmer's executive team included his brother, who retired last year after 35 years, and his dad, who joined as the head of real estate after Royalad failed.
What was George Zimmer's startup called?
Once, George Zimmer had a startup called Men's Wearhouse. He made it famous, and vice versa. Then he got pushed out and founded two more companies. But he still wants the old one back. Once, George Zimmer had a startup called Men's Wearhouse. He made it famous, and vice versa.
When did Men's Wearhouse open?
The first Men's Wearhouse store opened in Houston in 1973, thanks to $30,000 in credit from Zimmer's dad, $7,000 of his own, and help from a college buddy. Zimmer started opening a store per year around that city for the next decade, and expanded to San Francisco in the early '80s.
