By  on July 25, 2008

NEW YORK — S&K Famous Brands said Friday that it has hired Alvarez and Marsal LLC to help it enact a new strategic plan which will include fewer stores, less dependence on tailored clothing and a lower headcount.

As part of the change, the Richmond, Va.-based men’s specialty chain has eliminated 50 full-time positions in its corporate office, cutting overhead by about $3.3 million a year.

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