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Tailored Brands Likely to Go Bankrupt as Soon as Aug. 2

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Covid may have backed Tailored Brands into a corner where bankruptcy is the only viable option. On Monday afternoon, the parent to Men’s Wearhouse and Jos. A. Bank said it could be forced to reorganize under existing bankruptcy laws “possibly as soon as during the third quarter of fiscal 2020,” which starts on Aug. 2,…

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