OREANDA-NEWS. The Men's Wearhouse (NYSE: MW) today announced that, effective January 31, 2016, Men's Wearhouse will implement a holding company structure.  The new holding company is Tailored Brands, Inc., a Texas corporation.

As a result of this event, Men's Wearhouse shareholders will become shareholders of the new Texas holding company on a one-for-one basis, automatically holding the same number of shares and same ownership percentage in Tailored Brands as they held in Men's Wearhouse immediately prior to implementation.  Tailored Brands, Inc. will replace Men's Wearhouse as the publicly held corporation, and beginning on February 1, 2016, the shares of Tailored Brands, Inc. will trade on the NYSE under the ticker symbol "TLRD".  The directors and executive officers of the company will not change.

Doug Ewert, chief executive officer stated, "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."

FEBRUARY INVESTOR UPDATE SCHEDULED

Additionally, please note, Men's Wearhouse will provide a fourth quarter 2015 update on Tuesday, February 16, 2016. 

The Men's Wearhouse, Inc. is the largest specialty retailer of men's suits and the largest provider of rental product in the U.S. and Canada with 1,748 stores including tuxedo shops within Macy's stores.  The Men's Wearhouse, Jos. A. Bank, K&G and Moores stores carry a full selection of suits, sport coats, furnishings and accessories in exclusive and non-exclusive merchandise brands and Men's Wearhouse and Tux stores carry a limited selection.  Most K&G stores carry a full selection of women's apparel.  Tuxedo and suit rentals are available in the Men's Wearhouse, Jos. A. Bank, Moores, Men's Wearhouse and Tux stores as well as tuxedo shops within Macy's stores.  Additionally, Men's Wearhouse operates a global corporate apparel and workwear group consisting of Twin Hill in the United States and Dimensions, Alexandra and Yaffy in the United Kingdom.