Men's Wearhouse To Implement Holding Company Structure - Tailored Brands

(RTTNews) - The Men's Wearhouse (MW) said that effective January 31, 2016, it 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 will replace Men's Wearhouse as the publicly held corporation. Beginning on February 1, 2016, the shares of Tailored Brands 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."