Joseph Abboud brand sold to WHP

Tailored Brands, Inc. and WHP Global have announced that they have entered into an agreement whereby Tailored Brands will sell the Joseph Abboud trademarks to WHP for 115 million dollars. Tailored Brands has also entered into a licensing agreement with WHP for the exclusive rights to sell and rent Joseph Abboud branded apparel and related merchandise in the U.S. and Canada.