Doug Ewert, Men's Wearhouse's president and chief executive officer, pointed to AlixPartners' "vast experience in retail as well as in large merger integration situations" as key to the hire. Ewert said the advisory firm "will provide significant support to our company's goal of achieving an estimated $100 to $150 million of annual run-rate synergies over three years through improving purchasing efficiencies, optimizing customer service and marketing practices and streamlining duplicative corporate functions."
Ewert reiterated that the combination of the two specialty retailers will create the country's fourth largest men's apparel retailer with pro forma sales of about $3.5 billion. The stores will continue to operate as separate nameplates and the company will retain what it considers the best talent and practices from both firms.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"