Latest news with #TailoredBrands
Fashion Network
20-07-2025
- Business
- Fashion Network
Tailored Brands CFO steps down
Tailored Brands, Inc., the parent company of Men's Wearhouse, Jos. A. Bank, Moores, and K&G Fashion Superstore, announced that chief financial officer Brandy Richardson will depart the company on July 25 to pursue another opportunity. The Houston-based company has initiated a formal search for her successor. In the interim, Tailored Brands' finance team will report directly to John Tighe, the company's president and incoming chief executive officer. 'Since joining us in 2021, Brandy has contributed to our successful business and financial transformation. With a strong foundation in place, I'm confident that with our talented leadership and finance teams we are well-positioned to execute our future growth plans and build on our momentum,' said Peter Sachse, current Tailored Brands chief executive officer and forthcoming executive chairman. 'I appreciate Brandy's partnership and leadership over the years and wish her continued success in her next chapter.' Richardson has served as CFO of Tailored Brands since 2021. Prior to that, she spent 15 years at Neiman Marcus in various financial roles. Next, she will join Saks Global as chief financial officer on August 18.
Fashion Network
20-07-2025
- Business
- Fashion Network
Tailored Brands CFO steps down
Tailored Brands, Inc., the parent company of Men's Wearhouse, Jos. A. Bank, Moores, and K&G Fashion Superstore, announced that chief financial officer Brandy Richardson will depart the company on July 25 to pursue another opportunity. The Houston-based company has initiated a formal search for her successor. In the interim, Tailored Brands' finance team will report directly to John Tighe, the company's president and incoming chief executive officer. 'Since joining us in 2021, Brandy has contributed to our successful business and financial transformation. With a strong foundation in place, I'm confident that with our talented leadership and finance teams we are well-positioned to execute our future growth plans and build on our momentum,' said Peter Sachse, current Tailored Brands chief executive officer and forthcoming executive chairman. 'I appreciate Brandy's partnership and leadership over the years and wish her continued success in her next chapter.' Richardson has served as CFO of Tailored Brands since 2021. Prior to that, she spent 15 years at Neiman Marcus in various financial roles. Next, she will join Saks Global as chief financial officer on August 18.
Business Wire
16-07-2025
- Business
- Business Wire
Tailored Brands Announces Leadership Change
HOUSTON--(BUSINESS WIRE)--Tailored Brands, Inc. (the 'Company') today announced that Brandy Richardson, Chief Financial Officer, will be leaving to pursue another opportunity, effective July 25, 2025. Tailored Brands has launched a search for a successor. In the interim, the existing Finance team will report to John Tighe, President and forthcoming Chief Executive Officer. Peter Sachse, current Tailored Brands Chief Executive Officer and forthcoming Executive Chairman, stated, 'Since joining us in 2021, Brandy has contributed to our successful business and financial transformation. With a strong foundation in place, I'm confident that with our talented leadership and finance teams we are well-positioned to execute our future growth plans and build on our momentum. I appreciate Brandy's partnership and leadership over the years and wish her continued success in her next chapter.' About Tailored Brands, Inc. Tailored Brands is a leading omnichannel specialty retailer of menswear, including suits, formalwear and a broad selection of business casual offerings. We help our customers love the way they look and feel by delivering personalized products and services through our convenient network of stores and e-commerce sites. Our brands include Men's Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore. For additional information on Tailored Brands, please visit the Company's websites at and Forward-Looking Statements This press release contains forward-looking information, including the Company's statements regarding its strengthened business and growth outlook and the Company's ability to execute on its strategic initiatives. In addition, words such as 'will,' 'expects,' 'anticipates,' 'envisions,' 'targets,' 'goals,' 'projects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' 'guidance,' 'may,' 'projections,' and 'business outlook,' variations of such words and similar expressions are intended to identify such forward-looking statements. The forward-looking statements are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Any forward-looking statements that we make herein are not guarantees of future performance and actual results may differ materially from those in such forward-looking statements as a result of various factors. Factors that might cause or contribute to such differences include, but are not limited to: risks related to the effectiveness of the restructuring and strategic activities completed during and subsequent to the Company's Chapter 11 process and any additional strategies that the Company may employ to address its business including its liquidity and capital resources; risks and uncertainties related to government export and import policies, such as the impact of international trade disputes and the risks associated with potential changes to international trade agreements, including the imposition or threat of imposition of new or increased tariffs or retaliatory tariffs implemented by other countries as well as the imposition of additional duties on the products we import; the Company's ability to attract, motivate and retain key personnel and effectively manage succession; success, or lack thereof, in formulating or executing our internal strategies and operating plans; cost reduction initiatives and revenue enhancement strategies; changes in demand for our retail clothing or rental products, including changes in apparel trends and changing consumer preferences; market trends in the retail or rental business; customer confidence and spending patterns; changes in traffic trends in our stores and in customer preferences in the omnichannel experience; customer acceptance of our merchandise strategies, including custom clothing and polished casual attire, and other initiatives; disruptions in our supply chain; performance issues and other changes with key suppliers; severe weather; regional, national or global civil unrest or acts of civil disobedience; public health crises, including COVID-19; foreign currency fluctuations; advertising or marketing activities of competitors; the impact of climate change, cybersecurity threats or data breaches; and the impact of legislation, tax, regulatory or legal proceedings.
Yahoo
22-06-2025
- Business
- Yahoo
Shuffle Board: Kering, Tailored Brands, Pendleton Name CEOs
Omnichannel specialty retailer Tailored Brands announced John Tighe as chief executive officer and board member, effective Aug. 5. Tighe, who served most recently as president of the parent company to Men's Wearhouse and Jos. A. Bank Clothiers, succeeds Peter Sachse, who will transition to executive chairman next month. Tighe joined Tailored Brands in May 2021 as executive vice president and chief customer officer and became president in March 2022. He previously served as president of Peerless Clothing and held leadership positions at J.C. Penney, including chief merchant and executive vice president, as well. Portland-based brand Pendleton Woolen Mills has appointed Jennifer Ingraffea as CEO. She succeeds John Bishop as the first female to hold the top position at the 162-year-old company. Bishop, who retired in February, will remain as CEO through July to work with the former Nike exec before transitioning to chairman of the board. More from Sourcing Journal GXO Cleared to Acquire Wincanton, Taps DHL Vet as New CEO Shuffle Board: Vera Bradley CEO Exits, Lectra Names Deputy CEO Shuffle Board: Better Cotton Names Nonprofit Exec Nick Weatherill CEO Luxury conglomerate Kering's board of directors, chaired by François-Henri Pinault, approved the appointment of Luca de Meo as chief executive officer of the group, as recommended by the appointments and governance committee. As part of a renewed governance structure, the role of chairman of the board of directors, held by Pinault, will be separated from that of CEO. OTB Group-owned label Marni confirmed the exit of creative director Francesco Risso after a decade with the brand, according to a press statement. The statement did not say when a new creative director would be announced. The Advanced Functional Fabrics of America (AFFOA), a public-private partnership led by the Massachusetts Institute of Technology, announced that Dr. Eric Evans has been appointed as the new chair of the AFFOA board of directors. As chair, Evans will help lead the organization in its mission to accelerate the development and commercialization of textile technologies that integrate electronics and sensors, among other functionalities.
Yahoo
19-06-2025
- Business
- Yahoo
John Tighe Named CEO of Tailored Brands
There's been a changing of the guard at Tailored Brands. Long-time men's merchant John Tighe, who joined the retailer in 2021, will become chief executive officer on Aug. 5. Tighe, who served most recently as president of the parent company to Men's Wearhouse and Jos. A. Bank Clothiers, will succeed Peter Sachse, who will transition to executive chairman next month. More from WWD EXCLUSIVE: Seed Health's New CEO Cathrin Bowtell Discusses Sprouts Launch and What's Next for the Microbiome Company Prince William Hands Chanel's Leena Nair Honor for Services to Retail and Consumer Sector Woolrich Has a New CEO Sachse, who spent 34 years at Macy's, stepped in to rescue the menswear retailer in 2021 shortly after it emerged from bankruptcy. Sachse, who had served on the board of the Houston-based company, initially shared the CEO post with Bob Hull, another board member whose background included 17 years at Lowe's Cos. They started as interim co-CEOs in March 2021 and were named permanent co-CEOs in March 2022. Sachse was named sole CEO in February of 2024. Before joining Tailored Brands as executive vice president and chief customer officer, Tighe had been president of Peerless Clothing and also held leadership positions at J.C. Penney Co. Inc., including chief merchant and executive vice president. Following the announcement on Thursday, the board of Tailored Brands, said: 'Peter has been central to Tailored Brands' turnaround and the board could not be more pleased with the results over the past four and a half years. Peter and the leadership team have reimagined all four of the company's banners, completely changed the merchandising and marketing strategies, drove operational efficiencies, and developed a culture of accountability while delivering three of the best profit years in recent company history. His focus on people and culture is paramount to our success and we will continue to benefit from his efforts for many years to come.' Sachse added, '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. 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.' Tighe said that as CEO, he hopes to continue 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. 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.' Tailored Brands operates more than 1,000 stores under the Men's Wearhouse, Jos. A. Bank, Moores and K&G Fashion Superstore banners. Although the company is no longer public, earlier this year, Sachse pointed to an investor presentation from an ICR conference in January that revealed the company had sales of $2.6 billion in fiscal 2023 with adjusted earnings before interest, taxes, depreciation and amortization of $406 million. This was below fiscal 2022 when sales hit $2.8 billion and adjusted EBITDA was $477 million. The company attributed the dip to the fact that fiscal 2022 was the 'year of the wedding.' Of its divisions, Men's Wearhouse accounted for 64 percent of sales, Jos. A. Bank 15 percent and Moores 7 percent. Best of WWD China's Streetwear Whisperer: Peter Zhong Some 600 Exhibitors Expected at Pitti Uomo's 101st Edition Peter Manning Purchased by Longtime CEO Who Plans Expansion
