Tailored Brands Inc., the owner of Men’s Wearhouse and Jos. A. Bank, filed for bankruptcy in the US Bankruptcy Court in Houston. These unfortunate and unforeseen circumstances caused by the pandemic, are making it truly difficult to stay afloat in the retail business. The company operates more than 1400 stores and employs as many as 19,300 people in the US and Canada. A spokesperson for the company says they are reassessing various options to increase its financial resources such as rent, cutting costs, and more.
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