The Men’s Wearhouse will soon have a new corporate identity.
Effective Sunday, the retailer will institute a new holding company organization and change its name to Tailored Brands, Inc., headquartered in Texas. Its ticker symbol on the New York Stock Exchange will also change, from MW to TLRD, beginning on Monday.
As a result of the change, Men’s Wearhouse shareholders will become shareholders of TLRD on a one-for-one basis, automatically holding the same number of shares and ownership percentage in the holding company as they did in Men’s Wearhouse.
The directors and executive officers of the company will not change.
Doug Ewert, chief executive officer, said, “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.”
At the same time, the company said it will provide a fourth-quarter 2015 update on Feb. 16.
The Men’s Wearhouse operates 1,748 stores in the U.S. and Canada as well as tuxedo shops within Macy’s stores. Its stores operate under the Men’s Wearhouse, Jos. A. Bank, K&G and Moores nameplates.