Blog: Former Men's Wearhouse CEO prepares new enterprise
Michelle Russell | 15 October 2014
It seems former Men's Wearhouse CEO George Zimmer may be about to show his trump card following his fall-out with the apparel retailer, through the launch of a new company.
Zimmer, who was ousted in June last year with no explanation, told delegates at Salesforce.com's annual Dreamforce conference in San Francisco that he's planning to launch a new "high tech, high touch" company in the next few months.
No further details were offered by Zimmer, other than that the company would "strive to treat customers and shareholders well", according to Houston Business Journal. The new enterprise, however, is expected to be launched via Twitter in the coming months.
Zimmer had founded Men's Wearhouse in 1973. The company, however, remained in the spotlight after the ousting, due to a five-month merger tussle with rival Jos A Bank. Men's Wearhouse finally secured a US$1.8bn deal to buy the firm in March.
Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...
With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...
Last week we marked the inauguration of Donald Trump as the 45th president of the United States by taking a closer look at what's at stake for the textile and apparel trade – especially his promises t...
Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...
- US apparel sector braces for potential cost hikes
- Vietnam grows share of US apparel imports in 2016
- Trade Tracker – Trump's first weeks, Brexit agenda
- Key trade issues facing US textiles and apparel
- Does a hard Brexit mean hard times for UK fashion?
- Bangladesh "high threat" for terrorist activity
- VF Corp sees Q4 and FY earnings tumble
- Sales at US clothing retailers jumped in January
- Ralph Lauren new execs to support Way Forward Plan
- US Q4 in brief – VF Corp, Kate Spade, Rocky Brands
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Global market review of lingerie – forecasts to 2022
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar