Tailored Brands Inc. completes several divestures due to new strategy in place
In August 2019, Tailored Brands Inc. (Tailored Brands) completed the sale of MWUK Limited, its UK corporate apparel operations, and completed the sale of Twin Hill Acquisition Company Inc., its US corporate apparel operations. The sale of these corporate apparel operations, both domestically and internationally, was done as part of a strategic shift. Additionally, in March 2020, the company closed on the previously announced transaction to sell Joseph Abboud trademarks to WHP Global for $115.0 million.
COVID|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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