FINANCING By Dorothy Crouch | Wednesday, March 10, 2021
Omni-channel specialty menswear retail giant
Tailored Brands, Inc., announced its closure of $75 million in new financing as it positions its brands,
Men s Wearhouse,
Moores Clothing for Men and
K&G Fashion Superstore, for post-pandemic business. Existing shareholders and lenders comprise the group of investors who contributed to financing $50 million of mandatorily convertible notes and $25 million in additional senior secured debt, providing liquidity for Tailored Brands during its recovery.
“We are seeing solid momentum across all of our brands and continue to advance key strategic priorities, including enhancing our omni-channel experience, launching our Men’s Wearhouse Next-Gen stores, and evolving our merchandise assortment via new and expanding partnerships with Michael Strahan, Vera Wang and Alternative Apparel,” said Tailored Brands President and Chief Executive Officer Dinesh Lathi.