Bankruptcy Possible for Men’s Wearhouse Owner
Fortunes have turned a little threadbare for Tailored Brands (NYSE: TLRD), the owner of Men's Wearhouse and JoS. A. Bank. Bloomberg reports the retailer is considering a bankruptcy filing among other options after countrywide lockdowns diminished the need for men's suits.
Tailored Brands has suffered for years following the ill-fated merger of the two brands in 2016, which larded the retailer's balance sheet with debt just as casual attire in the office and athleisure wear caught on.
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Source Fool.com