Wednesday, June 10, 2020

Tailored Brands mulls bankruptcy

Retail Dive
Tailored Brands is contemplating a potential bankruptcy filing to help reduce its debt burden, according to a Bloomberg report that cited anonymous sources. A spokesperson for Tailored Brands did not immediately reply to Retail Dive's request for comment.

The news service reported that the retailer could close some weaker locations to "satisfy its creditors" in bankruptcy. The report noted that plans are still "in the early stages" and that Tailored Brands, owner of Men's Wearhouse, is also seeking alternative forms of financing.. . . more