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Tailored Brands Adds to Covid Carnage with Bankruptcy Filing

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Tailored Brands Inc., the owner of Men’s Wearhouse and Jos. A. Bank, filed for bankruptcy Sunday. Tailored entered into a restructuring agreement with more than 75 percent of its senior lenders, according to its voluntary Chapter 11 petition filed in a Southern District of Texas federal bankrupt court. The agreement also provides for a “pre-arranged”…

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