×
69 441
Fashion Jobs
ESTEE LAUDER
Manager, Channel Marketing, Aveda na
Permanent · New York
ESTEE LAUDER
Area Manager, Production - Bristol - 2nd Shift
Permanent · Bristol
ESTEE LAUDER
Keyholder - The Cosmetic Company Store - 20hrs - Philadelphia Premium Outlets - Pottstown,PA
Permanent · Pottstown
ESTEE LAUDER
Area Manager, Technical Services - Bristol - 2nd Shift
Permanent · Bristol
ASCENA
Part Time Sales Manager - Ann Taylor, The Woodlands Mall
Permanent · The Woodlands
LEVI'S
Art Director
Permanent · Remote
LULULEMON
Assistant Manager, Operations | Ponce City Market
Permanent · Atlanta
LULULEMON
Assistant Manager, Operations | Arizona Market
Permanent · Scottsdale
LULULEMON
Assistant Manager, Guest Experience | Arizona Market
Permanent · Scottsdale
ULTA BEAUTY, INC.
Skin Care Consultant
Permanent · Fort Walton Beach
ULTA BEAUTY, INC.
IT Manager - End User Services
Permanent · Bolingbrook
ULTA BEAUTY, INC.
Tax Analyst - Sales & Use Compliance
Permanent · Bolingbrook
ULTA BEAUTY, INC.
General Manager
Permanent · Walker
ULTA BEAUTY, INC.
General Manager
Permanent · Baltimore
ULTA BEAUTY, INC.
Inventory Control Specialist
Permanent · Bolingbrook
ULTA BEAUTY, INC.
General Manager
Permanent · Harker Heights
ULTA BEAUTY, INC.
Retail Sales Manager
Permanent · Jacksonville Beach
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Wall Township
ULTA BEAUTY, INC.
General Manager
Permanent · Carbondale
URBN
Anthropologie Buyer - Upholstery
Permanent · PHILADELPHIA
URBN
Free People Senior Merchandise Planner
Permanent · PHILADELPHIA
ALICE AND OLIVIA
Sales Supervisor - Los Angeles
Permanent · Los Angeles
Published
Mar 7, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Tailored Brands receives $75 million in new financing

Published
Mar 7, 2021

Tailored Brands announced on Friday the closing of a $75 million investment, nearly three months after exiting bankruptcy.

Tailored Brands secures $75 million in new financing. - Facebook: Men's Wearhouse


The specialty menswear retailer said it received financing including $50 million of mandatorily convertible notes and $25 million in additional senior secured debt from a group of existing shareholders and lenders.

The transaction will provide additional liquidity for the company, “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.”

Tailored Brands president and CEO Dinesh Lathi, said: “This additional financing further ensures we can continue to keep pace with our plans to come out of the pandemic stronger than ever and strategically positioned to help our customers look and feel their best in the moments that matter. We are grateful to our shareholders and lenders for their continued support and confidence as we continue to execute our strategic plan.”

Lathi also noted that the company was currently experiencing solid momentum across all of its brands. Its next key strategic priorities, include enhancing its omni-channel experience, launching its Men’s Wearhouse Next-Gen stores, and evolving its merchandise assortment.

Still the Houston, Texas-based retailer, was already struggling with increased competition and a shift to online shopping before the pandemic with plans to cut its corporate workforce by 20 percent and shut as many as 500 stores.

The parent company of Men’s Wearhouse, Jos.A Bank and Moores men’s stores in the U.S. and Canada filed for Chapter 11 bankruptcy protection back in August, and emerged from it in November. 

Copyright © 2022 FashionNetwork.com All rights reserved.