- Kristopher Fraser |
What's in a name? That which we call a rose by any other name would still smell as sweet?
Men's Wearhouse seems to think so at least. The company has announced that they will be changing their name to TLRD.As of tomorrow, Sunday, January 31, the retailer will be organizing a new holding company, changing its name to Tailored Brands Inc., headquartered in Texas. It's ticker symbol on the New York Stock Exchange will also change from MW to TLRD beginning Monday.
Due to the change, shareholders of Men's Wearhouse will become shareholders of TLRD on a one-for-one basis, giving them the same number of shares and ownership percentage in the holding company that they had in Men's Wearhouse. The directors and executives for the company will also not change.
Chief executive officer Doug Ewert was quoted in WWD saying "We believe the holding company structure will allow us to support, nurture and augment our family of brands as we further leverage our shared services platform.”
On February 16, the company will also be providing a fourth quarter update.
Currently, Men's Wearhouse operates 1748 stores in North America, in addition to tuxedo shops inside of select Macy's stores. Their stores operate under the nameplates of Men's Wearhouse, Jos. A. Bank, K&G, and Moores.