The company has rounded the corner at its Jos. A. Bank division and is making enormous strides in custom clothing.
George Zimmer first listed the oceanfront estate in 2015 for $35 million.
The custom suit business has been a bright spot for Men’s Wearhouse and Jos. A. Bank.
Q2 was important for acquiring Millennial men due to occasion — proms, graduation, weddings — dressing.
Also, Allen I. Questrom has elected not to stand for reelection to the board.
The 170 tuxedo rental shops inside the department stores have failed to live up to expectations.
The stock was trading around $16 a share Thursday morning, down 30 percent.
She will report to the cfo of the former Men’s Wearhouse.
Custom clothing and furnishings are being expanded at all the company’s retail stores.
The initiative will run through July 31 at more than 800 Men’s Wearhouse stores around the country.
Stocks are lower as Tailored Brands disappoints, but Christopher & Banks delivers a solid quarter.
CEO Doug Ewert said trends were improving.
The event, which helps benefit children facing obstacles, took place at the Madison Square Garden.