The dad or mum enterprise of Men’s Wearhouse filed for bankruptcy on Monday to restructure its $one.5 billion in credit card debt just after the coronavirus pandemic derailed its turnaround strategy.
Tailor-made Brand names, which also owns Jos. A. Bank and K&G Vogue Superstore, is the hottest of more than twenty personal and public suppliers to have declared bankruptcy this year. In addition to obtaining to quickly near its one,274 outlets in the U.S., the enterprise has been strike by distant perform guidelines, which have decreased demand from customers for official office environment apparel.
Prior to the pandemic, Tailor-made Brand