Tailored Brands names new CEO
Tighe succeeds Peter Sachse, who will transition from his current role as CEO to executive chairman of the company's board.
The new CEO first joined Tailored Brands in May 2021 as executive vice president and chief customer officer, before becoming president of the Houston-based company in March 2022.
'The hallmark of a strong and resilient organization is a well-developed succession plan, and John's promotion highlights the thoughtful, holistic talent strategy Tailored Brands has established," said Sachse, who was first appointed to the board in March 2021, and went on to lead the company's transformation as co-CEO alongside Bob Hull. In February 2024, he was named sole CEO.
"Over the past four years, John has been instrumental in our company's ability to anticipate market shifts and evolve with our customers as he architected nuanced merchandising, planning, marketing, and value-driven pricing strategies. There is no doubt he is the right successor at the right time, and I'm excited to see Tailored Brands continue to thrive under his leadership.'
Based in Texas, Tailored Brands is a specialty retailer of menswear, including suits, formalwear and a broad selection of business casual offerings. Its portfolio includes Men's Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore.
'I'm honored to lead this talented organization to deliver on our company's purpose and value proposition. I look forward to Peter's continued mentorship as he takes on his new role and want to thank the board, Peter and the entire leadership team for their support and confidence," said Tighe.
"I'm grateful to work alongside such a talented and passionate leadership team as well as the more than 14,000 team members who wake up every day to put our customers at the center of every decision. We wouldn't be where we are today without their tireless dedication, and I look forward to unlocking the potential of all our banners as a team."
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Network
26 minutes ago
- Fashion Network
LVMH sales weaker than expected as luxury sector awaits US trade deal
Luxury bellwether LVMH reported lower than expected quarterly sales on Thursday, with its core fashion and leather division losing further ground as the sector awaits an easing of trade tensions between Europe and the US. France-based LVMH, which owns over 70 brands ranging from handbags, high-end fashion and watches to spirits and hotels, has traditionally drawn on its size and geographical footprint to maximise profits and withstand headwinds. Yet the group is struggling to shake off consumer fatigue and reignite desire for luxury items. Sales for the second quarter to the end of June were down 4% to 19.5 billion euros (22.95 billion dollars), falling short of a consensus forecast for a 3% decline compiled by Visible Alpha, cited by UBS. Sales at the group's fashion and leather division, accounting for the bulk of profits, were down 9%, below expectations for a 6% drop. Chief Financial Officer Cecile Cabanis said on a call she was still "rather confident" about the rest of the year as the group expected trade talks between the EU and the Trump administration to deliver good news soon. Asked how LVMH would view a potential general tariff rate of 15% anticipated for exports to the United States, Cabanis said that would be an "overall good outcome for the general mood of our clients". With the exception of wines and spirits, some of LVMH's labels still have room to draw on their pricing power to mitigate the tariff impact, she said. In China, where a real estate crisis has dampened appetite for luxury goods, the group saw some improvement, Cabanis said, adding that the success of Louis Vuitton 's new ship-shaped store in Shanghai demonstrated the brand still had the clout to attract worldwide attention. Most luxury sector analysts still view the extended downturn that followed a post-pandemic boom as cyclical, induced in part by the prolonged slump in China, bouts of inflation and a yet unresolved trade dispute with the United States. But after two years of slowing sales following a post-pandemic boom, unease about the health of the industry is growing and high-end labels are scrambling to revitalise their offer. Consultancy Bain expects sales of luxury goods worldwide to fall between 2% and 5% this year after a 1% drop last year. LVMH has recently changed designers at Dior, Celine, Givenchy and Loewe, but they will need time to make their mark.
Fashion Network
2 hours ago
- Fashion Network
Chanel strengthens its production network across the board in Italy
"We also support the members of our ecosystem of factories in securing their own network and production capacities," stressed the rue Cambon brand. In addition to the creation of the Volfoni tannery, this type of consolidation has also taken place in the knitwear sector. Paima hosiery, owned by Chanel since 2021, "took a majority stake in Samo Cotton hosiery". This hosiery, acquired in 2024, is located, like Paima, near Ancona in the Marche region. Similarly, in the footwear segment, the Group pointed out that Roveda, the company specialising in high-end women's footwear that it acquired in 2000, "has strengthened its expertise in the manufacturing of uppers thanks to the activities of Ibisco and Primula", two companies created in 2023. Since Roveda became 100% owned by Chanel, this family-run business founded in 1955 in Parabiago, not far from Milan, has modernised and grown significantly, becoming a strategic entity for the French group, while continuing to supply other international labels. Last year, Chanel, which also includes shoemakers Gensi Group, controlled by the French company since 2015 and which expanded its production site in 2024, and Nillab Manifatture (Calzaturificio Ballin), also took over the historic luxury shoe manufacturer Grey Mer, its supplier for thirteen years, based in San Mauro Pascoli, Emilia-Romagna. In the leather goods sector, the label invested in Lombardy-based Renato Corti in 2019 as well as in Mabi International, a producer of leather bags and accessories with two factories in Veneto and one in Tuscany, in whose capital it took a 100% stake in 2023. In addition, the group has interests in other sectors. In 2022, for example, Chanel acquired 60% of jeans specialist FashionArt, and in 2023 took a minority stake in Marche cashmere spinning mill Cariaggi Lanificio. In 2020, it had already acquired the Piedmont-based producer of fancy wool yarns Vimar 1991, invaluable to the creation of its signature tweeds. In silk, beyond Mantero Seta, it has also secured the services of Como-based weaver Biseta, in which it acquired a 100% stake last year. Finally, in early 2025, it took a minority stake in Tuscan costume jewellery and metal accessories specialist Leo France. The Group has been present in Italy since 1986, and at December 31, 2024 counted twenty-nine subsidiaries in the country, active not only in manufacturing, but also in sales, marketing, distribution and logistics, employing over 2,500 people.
Fashion Network
2 hours ago
- Fashion Network
AYT Studio carves a path between contemporary fashion and artistic expression
Like the great painters and sculptors, fashion designers and luxury brands now find themselves featured in retrospectives in museums around the world. While the number of links between fashion and art has multiplied over the past decade, the motivations of those involved in the ready-to-wear sector can be diverse, ranging from the search for artistic legitimacy to the creation of new experiences or successful commercial operations. For Yasmine El Kadiri, who worked for Kenzo, Celine, and Saint Laurent as a merchandising specialist, and who was at the forefront of observing this flourishing of collections centred around artworks and artists, this trend represents an opportunity. "When I observed these initiatives, they were often linked to an artist's work. But I believe there exists a space to create a dialogue with artists, where the artist participates in and influences the creative process. For me, creative engagement is a driving force, even though I have a commercial background. I have this desire for co-creation." The designer first put her concept to the test in the IFM Entrepreneurship program, before developing the first AYT Studio collection from mid-2024, with the intention of creating limited editions around her collaborations with artists. "I wanted to approach these collections under the concept of editions because I didn't want the work to be associated with a particular season, there's a kind of timelessness." For this first edition, the designer has collaborated with Lille-based artist Remed (Guillaume Alby) to translate the painter's works into garments. Together, they explored the possibilities of using details from certain artworks to create prints. The collaboration covers around twenty pieces, focusing on flowing viscose dresses featuring all-over prints. Produced in Italian workshops, the garments echo Remed's graphic and colourful work. Shirts, t-shirts, silk squares, and leather bags, made in the Tarn region of France, make up a comprehensive, colourful wardrobe that has been divided into four chapters. "I work in print, which is a niche in the fashion world, but it's an interesting expression in terms of colour and volume," said the entrepreneur. "I appeal to a community that is sensitive to the artistic approach. I think in terms of silhouettes, with dresses, shirts, but also accessories," said the designer, who is proud of her local sourcing. "And while each edition will explore the work of a particular artist, I can also express the AYT Studio style through contemporary cuts, fluidity and optimism, as well as the presence of certain pieces that are my references, like oversized shirts. I want to add markers that will reassure the customer." The brand can be found online via its aesthetic e-commerce store, but Yasmine El Kadiri relies on physical encounters to best express her concept. This approach was validated after a pop-up in the Marais district of Paris in spring, in which Remed's works mirrored the clothes on display, enabling the label to reach both French and international customers. The designer is continuing in this vein, exhibiting her creations until the end of July at the We Are club in Paris, located on rue Saint-Honoré and dedicated to the creative industries. The brand will then move on to the new We Are location in Lille, at 22, place Louise-de-Bettignies, in the heart of Vieux-Lille. This will be followed by another installation for a few days in the Parisian space, during the next Women's Fashion Week. "This period is also an opportunity to meet buyers, particularly department stores who are interested in concepts that blend different universes. I'm convinced that in the plethora of ready-to-wear on offer, what's going to make the difference is authenticity and commitment. The relationship with wholesale can take time, but there are opportunities around different venues, such as art foundations, and I'm a big believer in hotels. These are places where it's possible to express this relationship between the collection and the artist's work", said the entrepreneur, who is moving ahead with partnerships with resorts, to offer her editions as cruise collections. With its original concept, beyond seducing buyers, AYT Studio is also imagining a new approach to fashion distribution.
